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    Promissory Note Examples

    Uploaded by

    Gellie Vale T. Managbanag
    The document contains examples of promissory notes with different terms of payment, including: 1) Payable on stated installments over time. 2) Payable on stated installments with acceleration clauses allowing the full amount to become due if an installment is missed. 3) Payable to fictional payees or payees that do not appear to be names of persons. 4) Payable to the order of the drawer or specific payees. 5) Payable on demand or after the occurrence of specific events. 6) Payable after fixed periods of time from the date of issue. The promissory notes were issued by Gellie Vale T. Managbanag and

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Promissory Note Examples

    Uploaded by

    Gellie Vale T. Managbanag
    818 views17 pages
    The document contains examples of promissory notes with different terms of payment, including: 1) Payable on stated installments over time. 2) Payable on stated installments with acceleration clauses allowing the full amount to become due if an installment is missed. 3) Payable to fictional payees or payees that do not appear to be names of persons. 4) Payable to the order of the drawer or specific payees. 5) Payable on demand or after the occurrence of specific events. 6) Payable after fixed periods of time from the date of issue. The promissory notes were issued by Gellie Vale T. Managbanag and

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    Bill of exchange examples

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    The document contains examples of promissory notes with different terms of payment, including: 1) Payable on stated installments over time. 2) Payable on stated installments with acceleration clauses allowing the full amount to become due if an installment is missed. 3) Payable to fictional payees or payees that do not appear to be names of persons. 4) Payable to the order of the drawer or specific payees. 5) Payable on demand or after the occurrence of specific events. 6) Payable after fixed periods of time from the date of issue. The promissory notes were issued by Gellie Vale T. Managbanag and

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    818 views17 pages

    Promissory Note Examples

    Uploaded by

    Gellie Vale T. Managbanag
    The document contains examples of promissory notes with different terms of payment, including: 1) Payable on stated installments over time. 2) Payable on stated installments with acceleration clauses allowing the full amount to become due if an installment is missed. 3) Payable to fictional payees or payees that do not appear to be names of persons. 4) Payable to the order of the drawer or specific payees. 5) Payable on demand or after the occurrence of specific events. 6) Payable after fixed periods of time from the date of issue. The promissory notes were issued by Gellie Vale T. Managbanag and

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    of 17

    Prelim Output

    Law II: Law on Negotiable Instrument TTH


    5:30-7:00PM
    Submitted to: Atty. Diana A. Velasco
    Submitted by: Gellie Vale T. Managbanag

    1. Payable on stated installment.

    First Example

    September 27, 2015


    Cebu City
    I promise to pay Romulo Neri or order the sum of Eight Hundred
    Thousand Pesos (Php800,000.00) in five equal annual installments
    beginning July 27, 2016.

    Gellie Vale T. Managbanag

    Second Example

    January 3, 2015
    Cebu City
    Php75,000.00
    For the value received, I promise to pay Francis Joseph
    Guevara Escudero or bearer the sum of Seventy-Five Thousand Pesos
    (Php75,000.00) payable in three installments as follows:
    Php25,000.00 on March 28, 2015
    Php30,000.00 on June 5, 2015
    Php20,000.00 on August 16, 2015

    Gellie Vale T. Managbanag

    2. Payable on stated installment with acceleration clause.

    First Example

    October 1, 2015
    Cebu City
    For the value received, I promise to pay, in lawful money of the
    Republic of the Philippines, Robert Jaworski or order the sum of Six Hundred
    Thousand Pesos (Php600,000.00) in four installments as follows:
    Php20,000.00
    Php35,000.00
    Php15,000.00
    Php50,000.00

    on
    on
    on
    on

    December 25, 2015


    February 5, 2016
    April 15, 2016
    May 4, 2016

    In the event of default in the payment of any of the said installments


    when due as herein provided, time being of the essence hereof, the holder
    of this note may, without notice or demand, declare the entire principal sum
    then unpaid immediately due and payable.

    Gellie Vale T. Managbanag

    Second Example
    3. Payable to the order of a fictitious person.

    January 5, 2016
    Cebu City
    Php50,000.00
    I promise to pay Cynthia Villar or bearer the sum of Fifty Thousand
    Pesos (Php50,000.00) payable in three Equal monthly installments
    Beginning June 5, 2016.
    In the event of default in the payment of any of the said installments
    when due as herein provided, time being of the essence hereof, the holder
    of this note may, without notice or demand, declare the entire principal sum
    then unpaid immediately due and payable.

    Gellie Vale T. Managbanag

    First Example

    November 16, 2015


    Cebu City
    I promise to pay, in lawful money of the Republic of the Philippines, to the
    order
    of
    Barbarian
    King
    One
    Hundred
    Twenty
    Thousand
    Pesos(Php120,000.00) forty-five(45) days after sight.

    Gellie Vale T. Managbanag


    Second Example

    January 2, 2016
    Cebu City
    Php260,000.00
    I promise to pay to the order of Archer Queen in the amount of Two
    Hundred Sixty Thousand Pesos(Php260,000.00) payable on or before June
    5, 2016.

    Gellie Vale T. Managbanag

    4. Payable to a payee which does not purport to be a name of person.

    First Example

    February 14, 2015


    Cebu City
    I promise to pay to the order of Jaminjik Uzuklovakia One Hundred
    fifty Thousand Pesos (Php150,000.00) twenty(20) days after sight.

    Gellie Vale T. Managbanag

    Second Example

    March 30, 2015


    Cebu City
    I promise to pay to the order of Jenet Bandru in the amount of Six
    Thousand Pesos (Php6,000.00) payable on or before December 3, 2016.

    Gellie Vale T. Managbanag

    5. Payable to order.

    First Example
    Second Example

    January 3, 2016
    Cebu City
    I promise to pay Rodrigo Roa Duterte or order the sum of Two Thousand
    Pesos (Php2,000.00) fifty (50) days after date.

    Gellie Vale T. Managbanag

    January 18, 2015


    Cebu City
    Php32,000.00
    I promise to pay Manuel Araneta Roxas II or order the sum of ThirtyTwo Thousand Pesos (Php32,000.00) payable on or before October 1, 2016.

    Gellie Vale T. Managbanag

    6. Payable on demand.

    First Example

    Second Example

    May 1, 2015
    Cebu City
    For value received, I promise to pay Miriam Defensor Santiago or
    order the sum of Eighty-Five Thousand Pesos (Php85,000), together with
    interest of 12% per annum on the unpaid balance. The entire unpaid
    principal and any accrued interest shall be fully and immediately payable
    upon demand of any holder hereof.
    Gellie Vale T. Managbanag

    October 16, 2015


    Cebu City
    Php21,300.00
    I promise to pay Mary Grace Poe Llamanzares or bearer the sum of
    Twenty-One Thousand Three Hundred Pesos (Php21,300.00) payable on
    September 25, 2016.

    Gellie Vale T. Managbanag

    7. Payable at a fixed date.

    First Example

    Second Example

    January 15, 2016


    Cebu
    City
    January
    5, 2016
    Cebu City
    For value received, I promise to pay Alan Peter Schramm Cayetano or
    bearerI the
    sum oftoTen
    Thousand
    (Php10,000),
    together
    promise
    pay
    Richard Pesos
    Juico Gordon
    or bearer
    the with
    sum interest
    of Five
    of
    12% perPesos
    annum.
    The entire
    unpaid principal
    and any
    Thousand
    (Php5,000)
    twenty-five(25)
    days after
    date.accrued interest
    shall be fully paid on March 26, 2016.

    Gellie
    GellieVale
    ValeT.T.Managbanag
    Managbanag

    January 15, 2016


    Cebu City
    For value received, I promise to pay Ferdinand Bongbong Marcos, Jr.
    or order the sum of Twelve Thousand Pesos (Php12,000) on March 26, 2016.

    Gellie Vale T. Managbanag

    8. Payable after a fixed period after date.

    First Example

    Second Example

    September 27, 2015


    Cebu City
    Pay to Ralph Gonzales Recto or order the sum of Six Hundred
    Thousand Pesos (Php600,000.00) in five equal annual installments
    beginning September 27, 2016.

    Gellie Vale T. Managbanag


    To: Jerreleane Mae S. Canoy
    Basak, Pardo
    Cebu City, Philippines

    January 1, 2016
    Cebu City
    For the value received, I promise to pay Antonio Pimentel, Jr. or order
    the sum of Three Thousand Pesos (Php3,000) twenty-five(25) days after
    date.

    Gellie Vale T. Managbanag

    1. Payable on stated installment.


    First Example

    Second Example

    2. Payable on stated installment with acceleration clause.

    February 21, 2015


    Cebu City
    Php75,000.00
    Pay to Jesus Jose Cabauatan Binay or bearer the sum of Forty-Eight
    Thousand Pesos (Php48,000.00) payable in three installments as follows:
    Php13,000.00 on april 23, 2015
    Php15,000.00 on July 15, 2015
    Php20,000.00 on September 12, 2015

    Gellie Vale T. Managbanag


    To: Cherry Jean G. Flores
    Banilad, Mandaue City

    First Example
    Second Example
    3.

    June 1, 2015
    Cebu City
    Pay, in lawful money of the Republic of the Philippines, to Maria
    Lourdes Nancy Sombillo Binay or order the sum of Nine Thousand Pesos
    (Php9,000.00) in two installments as follows:
    Php4,000.00 on September 5, 2015
    Php5,000.00 on December 8, 2015
    In the event of default in the payment of any of the said installments
    when due as herein provided, time being of the essence hereof, the holder
    of this note may, without notice or demand, declare the entire principal sum
    then unpaid immediately due and payable.

    Gellie Vale T. Managbanag


    To: Chemny C. Arranchado
    Talamban, Cebu City

    Payable to the order of a fictitious person.

    May 12, 2015


    Cebu City
    Php24,000.00
    Pay to Franklin Magtunao Drilon or bearer the sum of Twenty-Four
    Thousand Pesos(Php24,000.00) payable in six equal quarterly installments
    Beginning June 30, 2015.
    In the event of default in the payment of any of the said installments
    when due as herein provided, time being of the essence hereof, the holder
    of this note may, without notice or demand, declare the entire principal sum
    then unpaid immediately due and payable.

    Gellie Vale T. Managbanag

    To: Ethel T. Elic


    Alcantara, Cebu

    First Example

    Second Example

    November 16, 2015


    Cebu City
    Pay, in lawful money of the Republic of the Philippines, to the order of
    Witch Princess One Hundred twenty Thousand Pesos(Php120,000.00) on
    presentation.

    Gellie Vale T. Managbanag


    To: Mariciela A. Lendio
    Mabolo, Cebu City

    4. Payable to a payee which purports to be a name of person.

    December 8, 2015
    Cebu City
    Php1,000.00
    pay to the order of Prince Wizard in the amount of One Thousand
    Pesos(Php1,000.00) payable on or before May 21, 2016.

    Gellie Vale T. Managbanag

    To: Sheena Mae Quisido


    Bohol

    First Example

    Second Example

    January 1, 2016
    Cebu
    City
    May
    4, 2015
    Cebu City
    Pay to the order of myself Eighty-Seven Thousand Pesos
    Pay to Jaja
    Fifty-Four
    (Php87,000.00)
    on orMamanla
    before June
    29, 2017.Thousand Pesos (Php54,000.00)
    fifteen(15) days after date.
    Gellie Vale T. Managbanag
    Gellie Vale T. Managbanag
    To: Fel Rose Adonis
    To: Carla
    Kyahe
    Lahug,
    Cebu
    CityS. Dayaganon
    Danao, Cebu

    April 30, 2015


    Cebu City
    Pay to the order of Jeje Banyuk in the amount of Sixty-One Thousand
    Pesos (Php61,000.00) payable on presentation.

    Gellie Vale T. Managbanag

    To: Jessa S. Geraldizo


    Cebu City

    5. Payable to the order of drawer.

    First Example

    Second Example

    May 1, 2015
    Cebu City
    Pay to Joseph Ejercito Estrada or bearer the sum of Twenty-Six
    Thousand Four Hundred Twenty-Three Pesos (Php26,423), together with
    interest of 3% per annum on the unpaid balance. The entire unpaid principal
    and any accrued interest shall be fully and immediately payable upon
    demand of any holder hereof.

    Gellie Vale T. Managbanag


    To: Maria Lourdes M. Martinez
    Tabok, Mandaue City

    February 28, 2015


    Cebu City
    Php165,000.00
    Pay to the order of myself the sum of One Hundred Sixty-Five
    Thousand Pesos (Php165,000.00) payable on demand.

    Gellie Vale T. Managbanag


    To: Kenneith Andrew B. Yap
    Cebu City

    6. Payable on demand.

    First Example

    Second Example

    January 15, 2016


    Cebu City
    Pay to Loren Regina Bautista Legarda or bearer the sum of Eighteen
    Thousand Pesos (Php18,000), together with interest of 10% per annum. The
    entire unpaid principal and any accrued interest shall be fully paid on the
    first day of classes in the first semester of school year 2016-2017.

    Gellie Vale T. Managbanag


    To: Carlo L. Castro
    T. Padilla, Cebu City

    7. Payable after the occurrence of a specific event.

    October 6, 2015
    Cebu City
    Php21,300.00
    Pay to Erik Alan Pimentel Bernavides or order the sum of Ninety-Five
    Thousand Pesos (Php95,000.00) payable on January 2, 2016.

    Gellie Vale T. Managbanag


    To: Dominic U. Skibba
    Minglanilla, Cebu City

    First Example

    Second Example

    January 5, 2016
    Cebu City
    Pay to Juan Ponce Enrile or bearer the sum of Five Hundred Thousand
    Pesos (Php500,000) sixt-five(65) days after date.

    Gellie Vale T. Managbanag


    To: Yolanda S. Villamor
    Liloan, Cebu

    8. Payable after a fixed period after date.

    January 15, 2016


    Cebu City
    Pay to Manuel Mercado Lapid or order the amount Eleven Thousand
    Pesos (Php11,000) during the Presidential Election 2016.

    Gellie Vale T. Managbanag


    To: Nazareth J. Quiboy
    Punta Princesa, Cebu City

    First Example

    Second Example

    January 1, 2016
    Cebu City
    Pay to Gregorio Ballesteros Honasan II or order the sum of Sixty-Four
    Thousand Pesos (Php64,000) eighty-eight(88) days after date.

    Gellie Vale T. Managbanag


    To: Kerinna Merin T. Atillo
    Guadalupe, Cebu City

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