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* THIRD DIVISION.
553
said lapse of the period to appeal by any party, but the filing
of a motion for period, and prevents the finality of the decision or
order from setting in.—The rule is that while the decision of a
court becomes final upon the lapse of the period to appeal by any
party, but the filing of a motion for reconsideration or new trial
interrupts or suspends the running of the said period, and
prevents the finality of the decision or order from setting in. A
motion for reconsideration allows a party to request the
adjudicating court or quasi-judicial body to take a second look at
its earlier judgment and correct any errors it may have
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555
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REYES, J.:
Before this Court is a Petition for Review1 from the
Amended Decision2 dated November 26, 2012 of the Court
of
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557
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558
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559
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560
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34 Id., at p. 271.
35 Id., at pp. 262-263.
566
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567
1. WITH ALL DUE RESPECT, THE [CA]
GRAVELY ERRED BY RENDERING TWO (2)
CONFLICTING DECISIONS ON THE SAME SET
OF FACTS AND EVIDENCE. THE AMENDED
DECISION IS NOT IN ACCORD WITH LAW AND
EXISTING JURISPRUDENCE[; AND]
2. WITH ALL DUE RESPECT, THE [CA]
GRAVELY ERRED IN NOT CORRECTLY
APPLYING THE LAW AND JURISPRUDENCE ON
EXTRAJUDICIAL FORECLOSURE OF REAL
ESTATE MORTGAGE, DAMAGES AND CONTRACT
OF ADHESION IN THE AMENDED DECISION.41
The petitioners decry how, after first declaring that “[a]ll
told, we find no reason to disturb, much less reverse, the
assailed decision of the RTC,” the CA could now be
permitted to make a complete turnaround from its previous
decision over the same set of facts, and declare that the
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41 Rollo, p. 13.
42 Id., at pp. 18-19.
568
x x x x
A motion for reconsideration shall point out
specifically the findings or conclusions of the
judgment or final order which are not supported by
the evidence or which are contrary to law[,] making
express reference to the testimonial or documentary
evidence or to the provisions of law alleged to be
contrary to such findings or conclusions.
x x x x
Sec. 3. Action upon motion for new trial or
reconsideration.—x x x If the court finds that
excessive damages have been awarded or that the
judgment or final order is contrary to the evidence or
law, it may amend such judgment or final order
accordingly.
The rule is that while the decision of a court becomes
final upon the lapse of the period to appeal by any party,43
but the
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43 Teodoro v. Court of Appeals, 328 Phil. 116, 122; 258 SCRA 603, 607-
608 (1996); Rules of Court, Rule 36, Section 2.
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570
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571
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572
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575
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79 PNB v. Court of Appeals, 328 Phil. 54, 62-63; 258 SCRA 549, 556
(1996).
579
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580
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581
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582
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583
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89 Ingles v. Estrada, G.R. No. 141809, April 8, 2013, 695 SCRA 285,
313-314, citing First Marbella Condominium Association, Inc. v.
Gatmaytan, 579 Phil. 432, 438-439; 557 SCRA 155, 160 (2008).
584
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586
Thus:
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WHEREFORE, premises considered, the Amended
Decision dated November 26, 2012 of the Court of Appeals
in C.A.-G.R. CV No. 94012 is AFFIRMED with
MODIFICATION in that the stipulated interest rate on
the loan obligation of 18.75% shall be applied, resulting in
P67,551,216.78 as the amount due from the Spouses
Florante E. Jonsay and Luzviminda L. Jonsay and
Momarco Import Co., Inc. to Solidbank Corporation (now
Metropolitan Bank and Trust Company). In addition, the
Spouses Florante E. Jonsay and Luzviminda L. Jonsay and
Momarco Import Co., Inc. are ORDERED to PAY
attorney’s fees in the amount of P675,512.17, which is one
percent (1%) of the loan obligation.
587
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