This case has been cited 1 times or more.
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2016-01-27 |
PERALTA, J. |
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| In such instances, the case of Vda. de Roxas v. Our Lady's Foundation, Inc.[58] is instructive. The Court elucidated therein that the computation of the value of the property should be fixed at the prevailing market value.[59] The reckoning period for valuing the property in case the landowner exercised his rights in accordance with Article 448 shall be at the time the landowner elected his choice.[60] Therefore, the basis for the computation of the value of the subject property in the instant case should be its present or current fair market value. | |||||