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Miguel Perez Rubio vs. Court of Appeals, Et Al.

MIGUEL PEREZ RUBIO, petitioner, vs. COURT OF APPEALS, ROBERT O. PHILLIPS & SONS, INC., MAGDALENA YSMAEL PHILLIPS, MANUFACTURERS BANK & TRUST COMPANY, INC., HACIENDA BENITO, INC., VICTORIA VALLEY DEVELOPMENT CORPORATION and ROBERT O. PHILLIPS, respondents.

G.R. No. L-50911 | 1986-03-12

D E C I S I O N


GUTIERREZ, JR., J:

This is a petition to review the decision of the Court of Appeals, now the Intermediate Appellate Court, in CA-G.R. No. 60896-R, which affirmed the trial court's decision ordering Robert O. Phillips & Sons, Inc., and the plaintiff-spouses to pay Miguel Perez Rubio the sum of P4,250,000.00 but ordered Perez Rubio to pay Robert O. Phillips & Sons, Inc. and the other plaintiffs damages in the amount of P4,404,510.76. The appellate court, however, modified the lower court's order to pay P4,250,000.00 by removing the eight (8%) percent per annum interests on that amount, dispensing with the ten (10%)...