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JurisprudenceG.R. NO. 165675 -

G.R. NO. 165675 - SPOUSES EDUARDO SOBREJUANITE AND FIDELA SOBREJUANITE, VS. ASB DEVELOPMENT CORPORATION. DECISION - Supreme Court E-Library

Cited Laws

RA 94RA 446,RA 262,
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TL;DR — Ruling

WHEREFORE, in view of the foregoing judgment is rendered ordering the rescission of the contracts to sell between the parties, and further ordering the respondent [ASBDC] to pay the complainants [Sobrejuanite] the following: a) all amortization payments by the complainants amounting to P2,674,637.10 plus 12% interest from the date of actual payment of each amortization; b) moral damages amounting to P200,000.00; c) exemplary damages amounting to P100,000.

Decision

Ruling

WHEREFORE, in view of the foregoing judgment is rendered ordering the rescission of the contracts to sell between the parties, and further ordering the respondent [ASBDC] to pay the complainants [Sobrejuanite] the following: a) all amortization payments by the complainants amounting to P2,674,637.10 plus 12% interest from the date of actual payment of each amortization; b) moral damages amounting to P200,000.00; c) exemplary damages amounting to P100,000.00; d) attorney's fees amounting to P100,000.00; e) litigation expenses amounting to P50,000.00. All other claims and all counter-claims are hereby dismissed. IT IS SO ORDERED.