G.R. No. 120097 - FOOD TERMINAL, INC., VS. COURT OF APPEALS AND TAO DEVELOPMENT

Ruling

ACCORDINGLY, judgment is hereby rendered: 1. Ordering defendant Food Terminal, Inc. to pay plaintiff TAO Development, Inc. the amount of P2,429,055.00 as actual damages representing the loss sustained by plaintiff; 2. Ordering said defendant to pay said plaintiff the amount of P800,000.00 as damages it sustained in paying interest on the cash advance of US$100,000.00 from plaintiffs Japanese buyer; 3. Ordering said defendant to pay said plaintiff the amount of P1,534,005.00 as unearned profits; and 4. Ordering said defendant to pay said plaintiff the amount of P100,000.00 as attorneys fees. The above amounts shall earn interest at the rate of 12 per cent per annum from May 15, 1984 until fully satisfied. In addition, defendant is, likewise, ordered to pay the costs of the suit. SO ORDERED.