This case has been cited 2 times or more.
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2010-05-05 |
PERALTA, J. |
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| SO ORDERED.[45] | |||||
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2006-09-27 |
YNARES-SANTIAGO, J. |
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| In addition, the basis of the trial court's November 7, 1989 Order was the compromise agreement entered into among the petitioner, Allied Bank and Philbank. Once stamped with judicial imprimatur, a compromise agreement becomes more than a mere contract binding upon the parties; having the sanction of the court and entered as its determination of the controversy, it has the force and effect of any other judgment.[25] Since a judgment based on a compromise agreement is no different from any other judgment, once it attains finality, it can no longer be subject to any alteration, modification or review. | |||||