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Acknowledgement of Debt

This document acknowledges a debt of 7,700 Philippine pesos owed by Artemio Partosa Macasaol Jr. to Buta Singh, an Indian national. Macasaol agrees to pay 500 pesos every 16 days until the full amount is paid, with 0% interest. If Macasaol fails to pay, he agrees to forfeit his property and assets located at a business consultancy office as payment for the debt. Both parties and witnesses sign to agree to the terms.

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Bernadeth Ramirez
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34 views2 pages

Acknowledgement of Debt

This document acknowledges a debt of 7,700 Philippine pesos owed by Artemio Partosa Macasaol Jr. to Buta Singh, an Indian national. Macasaol agrees to pay 500 pesos every 16 days until the full amount is paid, with 0% interest. If Macasaol fails to pay, he agrees to forfeit his property and assets located at a business consultancy office as payment for the debt. Both parties and witnesses sign to agree to the terms.

Uploaded by

Bernadeth Ramirez
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ACKNOWLEDGEMENT OF DEBT

KNOW ALL MEN BY THESE PRESENTS: I, ARTEMIO PARTOSA MACASAOL Jr. single, Filipino, with postal address at Sambayanihan People Village CAA, Las Pinas City ; And BUTA SINGH, Filipino, with postal address at M. Dela Cruz, Pasay City witnesseth: That I am indebted in the sum of SEVEN THOUSAND SEVEN HUNDRED PESOS (7,700.00) Philippine Currency, to BUTA SINGH a Indian National __. That I shall pay the sum of FIVE HUNDRED PESOS (P500.00) unto the said BUTA SINGH within a period of SIXTEEN DAYS (16) from ______________ up to ________________ from the execution hereof , with interest at the rate of (state the interest rate in words) ( 0.0 %) percent per year. IN WITNESS WHEREOF I have affixed my signature hereto this _____ day of ____________, 20__ at ___________________________. at___________________________, Philippines. AGREEMENT: Na kung hindi ako makakabayad ay pumapayag akong ibigay kay BUTA SINGH ang aking mga ari arian sa opisina bilang kabayaran NG DREX Business Consultancy Services located at Stall R-20 2nd Flr Emerald Circle Bldg 464 RIza Ave Sta CRUZ Manila

CONFORME:

BUTA SINGH (Printed Name Over Signature)

_____________________________________ ARTEMIO PARTOSA MACASAOL Jr.

WITNESSES: ________________________ _______________________ ACKNOWLEDGEMENT REPUBLIC OF THE PHILIPPINES) _____________________________ ) SS. BEFORE ME, a Notary Public, this ____________day of ________________, personally appeared the following: Name CTC Number Date/Place Issued

IN WITNESS WHEREOF, I have hereunto set my hand the day, year and place above written.

Notary Public

Doc. No. .......; Page No. .......; Book No. .......; Series of 20__.

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