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Elton W. Chase vs. Victor Buencamino, Sr., et al.

ELTON W. CHASE, as minority Stockholder and on behalf of other Stockholders similarly situated and for the benefit of AMERICAN MACHINERY AND PARTS MANUFACTURING, INC., plaintiff-appellant, vs. DR. VICTOR BUENCAMINO, SR., VICTOR BUENCAMINO, JR., JULIO B. FRANCIA and DOLORES A. BUENCAMINO, respondents.

G.R. No. L-20395 | 1985-05-13

D E C I S I O N


CUEVAS, J.:

This is a joint appeal interposed by both plaintiffs and defendants from the decision of the then Court of First Instance of Manila in its Civil Case No. 49346, the dispositive portion of which reads -

"IN VIEW WHEREOF, on the complaint, Dr. Buencamino is condemned to pay Amparts the sum of P1,970,200.00 with legal interest from the date of the filing of the complaint; he is also prohibited from collecting any interest on the sum of P300,000 paid by him on the 15th July, 1955 on the initial subscription, and such interest as has already been paid to him is ordered refunded with legal interest from the date...