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lawphil
Today is Monday, November 08, 2010
1"#$%0 S&PT 1", 200% Sear'(
!e)*b+i' o -(e P(i+i))inesSUPREME COURT
Mani+a
.I!ST /IVISION
. No . L-30771 May 28 , 1984
M LAW , p a!"#!$$ app% %%,
MPIC SAWMILL CO . a") ELINO LEE C*I, de endan-s a))e++an-s
zardo S.M. de Guzman for plaintiff -appellee .
iano M. de Joya for defendants-appellants.
LENCIO-*ERRERA, J.:
is an a))ea+ by de endan-s rom a /e'ision rendered by -(e -(en
Co*r- o .irs- Ins-an'e o B*+a'an T(e a))ea+ asina++y -a3en -o -(e
-(en Co*r- o A))ea+s, (i'( endorsed i- -o -(is ins-an'e s-a-in -(a-
-(e iss*e invo+ved as one o
)ears -(a- on or abo*- Se)-ember ", 1%#", p a!"#!$$ +oaned
P10,000 00, i-(o*- in-eres-, -o de endan- )ar-ners(i) andendan-
&+ino Lee C(i, as -(e mana in )ar-ner T(e +oan be'ame
*+-ima-e+y d*e on 4an*ary 51, 1%60, b*- as no- )aid onda-e, i-( -(e
deb-ors as3in or an e7-ension o -(ree mon-(s, or *) -o A)ri+ 50,
1%60
Mar'( 1", 1%60, -(e )ar-ies e7e'*-ed ano-(er +oan do'*men-
Paymen- o -(e P10,000 00 as e7-ended -o A)ri+ 50, 1%60,-(e ob+i
a-ion as in'reased by P6,000 00 as o++o s
T(a- -(e s*m o SI9 T:O;SAN/ P&SOS
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8/9/2019 LIAM LAW VS OLYMPIC SAWMILL CO GR NO L-30771 MAY 28,
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ore -(e Tria+ Co*r- versed )rin'i)a++y in re ards -o -(e
a--a'(men-
4an*ary 18, 1%61, an Order as iss*ed by -(e Tria+ Co*r- s-a-in
-(a- after considering the manifestation of both counsel inmbers ,
-(e Co*r- (ereby a++o s bo-( )ar-ies -o sim*+-aneo*s+y s*bmi- a
Mo-ion or S*mmary 4*d men- 1 T(e p a!"#!$$
Mo-ion or S*mmary 4*d men- on 4an*ary 51, 1%61, (i+e de endan-s
i+ed -(eirs on .ebr*ary 2, 1%6+ 2
4*ne 26, 1%61, -(e Tria+ Co*r- rendered de'ision orderin de
endan-s -o )ay p a!"#!$$ -(e amo*n- o P10,000 00 )+*s -(e(er s*m o
P6,000 00 by ay o +i *ida-ed dama es i-( +e a+ ra-e o in-eres- on
bo-( amo*n-s rom A)ri+ 50, 1%60 I- is
m -(is @*d men- -(a- de endan-s (ave a))ea+ed
ave de'ided -o a irm
r Ar-i'+e 15#$ o -(e Civi+ Code, in re ards -o -(e a reemen- o
-(e )ar-ies re+a-ive -o -(e P6,000 00 ob+i a-ion, i- is*med -(a- i-
e7is-s and is +a *+, *n+ess -(e deb-or )roves -(e 'on-rary No
eviden-iary (earin (avin been (e+d, i- (as -oon'+*ded -(a- de
endan-s (ad no- )roven -(a- -(e P6,000 00 ob+i a-ion as i++e a+ Con
irmin -(e Tria+ Co*r->s indin , e -(e P6,000 00 ob+i a-ion as +i
*ida-ed dama es s* ered by p a!"#!$$ , as o Mar'( 1", 1%60,
re)resen-in +oss o in-eres-
me, a--orney>s ees and in'iden-a+s
main -(r*s- o de endan-s> a))ea+ is -(e a++e a-ion in -(eir
Ans er -(a- -(e P6,000 00 'ons-i-*-ed *s*rio*s in-eres- T(eys- -(e
'+aim o *s*ry s(o*+d (ave been deemed admi--ed by p a!"#!$$ as i-
as no- denied s)e'i i'a++y and *nder oa-(
ion % o -(e ;s*ry La+
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#"o#%'
1 ) 81, !e'ord on A))ea+
2 ) 116, 'bid.
5 Se'-ion 1, !*+e %
$ S&CTION 1 T(e ra-e o in-eres-, in'+*din 'ommissions,
)remi*ms, ees and o-(er '(ar es, on a +oan or orbearan'e o any
money, oods, or 'redi-s,re ard+ess o ma-*ri-y and (e-(er se'*red or
*nse'*red, -(a- ay be '(ar ed or 'o++e'-ed by any )erson, (e-(er
na-*ra+ or @*di'ia+ s(a no- be s*b@e'- -oany 'ei+in )res'ribed
*nder or )*rs*an- -o -(e ;s*ry La+ , as amended
