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PHILIPPINE SUPREME COURT DECISIONS

SECOND DIVISION

[G.R. No. L-51906. October 24, 1983.]

PLARIDEL C. JOSE, Plaintiff-Appellee, v. CHAM SAMCO & SONS, INC., and FERMIN UY, Defendants-Appellants.

Virgilio Manguera for Plaintiff-Appellee.

Sycip, Salazar, Feliciano, Hernandez & Castillo Law Office, for Defendants-Appellants.


SYLLABUS


1. REMEDIAL LAW; CIVIL PROCEDURE; COMPROMISE AGREEMENT; JUDGMENT RENDERED IN ACCORDANCE THEREWITH, NOT BEING CONTRARY TO LAW, MORALS AND PUBLIC POLICY. — The Supreme Court approved the compromise agreement of the parties and rendered judgment in accordance therewith, finding the same not contrary to law, morals or public policy.


D E C I S I O N


ESCOLIN, J.:


The parties herein have filed a compromise agreement of their controversy, praying that the same be approved by the Court, to wit:jgc:chanrobles.com.ph

"COMPROMISE AGREEMENT

"1. Upon the signing of this Compromise Agreement, Defendant-Appellant Cham Samco and Sons, Inc. will pay to plaintiff-appellee Plaridel C. Jose the sum of TWENTY FIVE THOUSAND PESOS (25,000.00), Philippine currency.

"2. In consideration of the said sum of P25,000.00, plaintiff-appellee will assign, transfer and convey, absolutely and irrevocably, to defendant-appellant Cham Soco & Sons, Inc. all his shares of stocks in Cham Soco & Sons, Inc. and all his shares of stocks in Trinity Steel Products, Inc. acquired by him from Martin Cham and/or any other means.

"3. In consideration of the foregoing mutual and reciprocal covenants, the parties hereby waive, renounce and quit claim in favor of each other any and all actions, causes of actions, demands and/or claims which they may have against each other arising from and/or connected with the transaction(s) subject matter of this case, whether or not pleaded expressly or impliedly in the complaint and/or the counter-claim filed in the proceedings a quo.

"4. It is the intention of the parties in entering into this Compromise Agreement to settle amicably all disputes involved in this litigation and to put forever at rest all issues arising therefrom.

"WHEREFORE, it is respectfully prayed that judgment be rendered in accordance with the tenor of this foregoing Compromise Agreement, without pronouncement as to costs and attorney’s fees."cralaw virtua1aw library

It appearing that the foregoing compromise agreement is not contrary to law, morals or public policy, the Court hereby approves the same and renders judgment in accordance therewith. No costs.chanrobles lawlibrary : rednad

SO ORDERED.

Makasiar (Chairman), Aquino, Guerrero, Abad Santos and Relova, JJ., concur.

Concepcion, Jr. and De Castro, JJ., are on leave.

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