Civil Law, 2017 Bar — Question III

ESSAY

Josef owns a piece of land in Pampanga. The National Housing Authority (NHA) sought to expropriate the property for its socialized housing project. The trial court fixed the just compensation for the property at P50 million. The NHA immediately deposited the same at the authorized depository bank and filed a motion for the issuance of a writ of possession with the trial court. Unfortunately, there was delay in the resolution of the motion. Meanwhile, the amount deposited earned interest. When Josef sought the release of the amount deposited, NHA argued that Josef should only be entitled to P50 million. Who owns the interest earned? (3%)

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