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JurisprudenceG.R. No. 119729 -

G.R. No. 119729 - ACE-AGRO DEVELOPMENT CORPORATION, VS. COURT OF APPEALS AND COSMOS BOTTLING CORPORATION.

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TL;DR — Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of plaintiff Ace-Agro Development Corporation and against defendant Cosmos Bottling Corporation, ordering the latter to pay to the former the following: a) The amount of P1,008,418.01 as actual damages; b) P100,000.00 as corrective or exemplary damages; c) The amount of P50,000.00 as and for attorney’s fees; and d) Costs and expenses of litigation.

Decision

Ruling

WHEREFORE, premises considered, judgment is hereby rendered in favor of plaintiff Ace-Agro Development Corporation and against defendant Cosmos Bottling Corporation, ordering the latter to pay to the former the following: a) The amount of P1,008,418.01 as actual damages; b) P100,000.00 as corrective or exemplary damages; c) The amount of P50,000.00 as and for attorneys fees; and d) Costs and expenses of litigation. Defendants counterclaims are dismissed. SO ORDERED.