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JurisprudenceG.R. No. 157833 -

G.R. No. 157833 - BANK OF THE PHILIPPINE ISLANDS, VS. GREGORIO C. ROXAS. D E C I S I O N - Supreme Court E-Library

Cited Laws

RA 686
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TL;DR — Ruling

WHEREFORE, in view of the foregoing premises, this Court hereby renders judgment in favor of herein plaintiff and orders the defendant, Bank of the Philippine Islands, to pay Gerardo C. Roxas: 1.) The sum of P 348,805.50, the face value of the cashier’s check, with legal interest thereon computed from April 1, 1993 until the amount is fully paid; 2.

Decision

Ruling

WHEREFORE, in view of the foregoing premises, this Court hereby renders judgment in favor of herein plaintiff and orders the defendant, Bank of the Philippine Islands, to pay Gerardo C. Roxas: 1.) The sum of P 348,805.50, the face value of the cashiers check, with legal interest thereon computed from April 1, 1993 until the amount is fully paid; 2.) The sum of P 50,000.00 for moral damages; 3.) The sum of P 50,000.00 as exemplary damages to serve as an example for the public good; 4.) The sum of P 25,000.00 for and as attorneys fees; and the 5.) Costs of suit. As to the third-party complaint, third-party defendants Spouses Rodrigo and Marissa Cawili are hereby ordered to indemnify defendant Bank of the Philippine Islands such amount(s) adjudged and actually paid by it to herein plaintiff Gregorio C. Roxas, including the costs of suit. SO ORDERED.