G.R. No. 225433 - LARA'S GIFTS & DECORS, INC., VS. MIDTOWN INDUSTRIAL SALES, INC..D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of the plaintiff MIDTOWN INDUSTRIAL SALES, INC. and against the defendant LARA'S GIFTS [&] DECORS, INC. ordering the latter to pay the former the following amount: 1. ONE MILLION TWO HUNDRED SIXTY THREE THOUSAND ONE HUNDRED FOUR PESOS and 22/100 (Php1,263,104.22) plus interest fixed at 24% per annum to be computed from February 5, 2008, the date of judicial demand, until the judgment obligation is fully paid. 2. The sum of FIFTY THOUSAND PESOS (Php50,000.00) as and by way of attorney's fees. Finally, defendant is ordered to pay the cost of suit. SO ORDERED.