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JurisprudenceG.R. No. 147950 -

G.R. No. 147950 - CALIFORNIA BUS LINES, INC., VS. STATE INVESTMENT HOUSE, INC..DECISION - Supreme Court E-Library

Cited Laws

RA 83,RA 35,RA 341,RA 207,RA 795,RA 791,RA 483,RA 471,RA 708,RA 399,RA 347,RA 428RA 358,RA 339,
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TL;DR — Ruling

WHEREFORE, based on the foregoing premises and finding the appeal to be meritorious, We find defendant-appellee CBLI liable for the value of the five (5) promissory notes subject of the complaint a quo less the proceeds from the attached sixteen (16) buses. The award of attorney's fees and costs is eliminated. The appealed decision is hereby REVERSED. No costs.

Decision

Ruling

WHEREFORE, based on the foregoing premises and finding the appeal to be meritorious, We find defendant-appellee CBLI liable for the value of the five (5) promissory notes subject of the complaint a quo less the proceeds from the attached sixteen (16) buses. The award of attorney's fees and costs is eliminated. The appealed decision is hereby REVERSED. No costs. SO ORDERED.

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