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JurisprudenceG.R. No. 200671 -

G.R. No. 200671 - PHILIPPINE SAVINGS BANK, VS. AMELITA HIPOLITO, ALEX HIPOLITO, AND JOHN DOE.D E C I S I O N - Supreme Court E-Library

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TL;DR — Ruling

WHEREFORE, judgment is hereby rendered in favor of the plaintiff [PSB] and against defendants Amelita Hipolito and Alex Hipolito, hereby ordering the said defendants to pay plaintiff, jointly and severally, as follows: 1. the amount of P251,431.09 plus late payment penalty charge of 5% per month from date due on February 10, 2004 until fully paid; 2. the amount equivalent to 20% of the total amount due as liquidated damages; 3.

Decision

Ruling

WHEREFORE, judgment is hereby rendered in favor of the plaintiff [PSB] and against defendants Amelita Hipolito and Alex Hipolito, hereby ordering the said defendants to pay plaintiff, jointly and severally, as follows: 1. the amount of P251,431.09 plus late payment penalty charge of 5% per month from date due on February 10, 2004 until fully paid; 2. the amount equivalent to 20% of the total amount due as liquidated damages; 3. the amount equivalent to 25% of the total amount due as and for attorney's fees; and 4. the costs of suit. SO ORDERED.