- Petitioner
- Mercy Vda. de Roxas
- Respondent
- Our Lady'S Foundation
- Citation
- G.R. No. 182378
- Court
- Supreme Court
- Division
- First Division
- Ponente
- Sereno, C.J.
- Decided
- March 6, 2013
Summary
This Supreme Court case involves a property encroachment dispute where OLFI was ordered to reimburse Roxas P1,800 per square meter for 92 square meters of property it had trimmed for subdivision road construction. The key legal issue was whether reimbursement should be based on original purchase price (P40 per square meter) or current market value (P1,800 per square meter). The Court applied Civil Code provisions on encroachment, ruling that property valuation must reflect prevailing market value at time of payment, not historical purchase price, considering peso devaluation over time. However, the Court upheld the separate juridical personality of corporations, refusing to allow garnishment of the general manager's personal bank accounts absent clear evidence of corporate veil piercing. The decision reinforces property valuation principles in encroachment cases while maintaining corporate law protections for individual officers.