SPOUSES NORA SAGUID and ROLANDO P. SAGUID vs. SECURITY FINANCE,
INC., G.R. No. 159467, December 9, 2005
“x
x x.
Exemplary
or corrective damages are imposed, by way of example or correction for the
public good, in addition to the moral, temperate, liquidated or compensatory
damages.[51] When
moral damages are awarded, exemplary damages may also be granted.[52] We, however, find the P1,000,000.00 awarded by the
lower court to be excessive and should accordingly be reduced to P50,000.00.
X
x x.”
