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    Demand Letter For Fulfilment of Obligation SAMPLE

    Uploaded by

    Gino Alejandro Sison
    This letter is a formal demand for payment of a loan from Pedro and Edna Reyes to client Jaime Chua. The Reyes entered a loan agreement for PHP 600,000 in August 2020 to be repaid in monthly installments until September 2022. However, the June, July, and August 2022 payments were unpaid, totaling PHP 93,000. Pedro Reyes issued a postdated check for this amount which bounced. The final September 2022 payment was also unpaid. The letter demands full payment of PHP 124,000, including unpaid installments and interest, by February 15, 2023 or legal action will be pursued.

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    Demand Letter For Fulfilment of Obligation SAMPLE

    Uploaded by

    Gino Alejandro Sison
    442 views2 pages
    This letter is a formal demand for payment of a loan from Pedro and Edna Reyes to client Jaime Chua. The Reyes entered a loan agreement for PHP 600,000 in August 2020 to be repaid in monthly installments until September 2022. However, the June, July, and August 2022 payments were unpaid, totaling PHP 93,000. Pedro Reyes issued a postdated check for this amount which bounced. The final September 2022 payment was also unpaid. The letter demands full payment of PHP 124,000, including unpaid installments and interest, by February 15, 2023 or legal action will be pursued.

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    Sample for a Demand Letter to fulfill an obligation

    Original Title

    Demand Letter for Fulfilment of Obligation SAMPLE

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    This letter is a formal demand for payment of a loan from Pedro and Edna Reyes to client Jaime Chua. The Reyes entered a loan agreement for PHP 600,000 in August 2020 to be repaid in monthly installments until September 2022. However, the June, July, and August 2022 payments were unpaid, totaling PHP 93,000. Pedro Reyes issued a postdated check for this amount which bounced. The final September 2022 payment was also unpaid. The letter demands full payment of PHP 124,000, including unpaid installments and interest, by February 15, 2023 or legal action will be pursued.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    442 views2 pages

    Demand Letter For Fulfilment of Obligation SAMPLE

    Uploaded by

    Gino Alejandro Sison
    This letter is a formal demand for payment of a loan from Pedro and Edna Reyes to client Jaime Chua. The Reyes entered a loan agreement for PHP 600,000 in August 2020 to be repaid in monthly installments until September 2022. However, the June, July, and August 2022 payments were unpaid, totaling PHP 93,000. Pedro Reyes issued a postdated check for this amount which bounced. The final September 2022 payment was also unpaid. The letter demands full payment of PHP 124,000, including unpaid installments and interest, by February 15, 2023 or legal action will be pursued.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Gino Alejandro J.

    Sison
    11981539 Legal Forms G01

    February 8, 2023

    Spouses Pedro and Edna Reyes


    #34 Maginhawa St., Teacher’s Village
    Quezon City

    Mr. and Mrs. Reyes,

    This letter has been issued to you on behalf of my client, Mr. Jaime Chua of 115th
    Street, New Manila, Quezon City.

    The concern is due a loan agreement you entered into with my client for the amount
    of Six Hundred Thousand Pesos (PhP 600,000.00) on August 15, 2020. The agreement was
    for repayment in equal monthly installments on the 15th day of every month for the period
    of two (2) years, beginning October 15, 2020 until September 15, 2022. The agreement also
    provides for the payment of interest of one percent (1%) per month on such loan of money.

    However, the amortizations and interest for the months of June, July and August
    2022 went unpaid. On September 1, 2022, you (Pedro Reyes) came to see my client, and
    assured him that you would honor your obligations under the loan agreement - specifically
    the unpaid amortizations and interest for the months of June, July and August 2022 under
    the contract. This assurance came in the form of a postdated check in the amount of Ninety
    Three Thousand Pesos (PhP 93,000.00) with the following details:

    Bank BDO Unibank Katipunan Quezon City Branch

    Account Name Pedro and Edna Reyes

    Account 123-978-000
    Number

    Cheque 012345
    Number

    Amount PhP 93,000.00

    Date Payable September 15, 2022

    Payee Jaime Chua

    My client deposited the check on the date it became payable (September 15, 2022)
    but such check was subsequently dishonored on September 18, 2022 for insufficiency of
    funds. Furthermore, you also defaulted on the last monthly payment under the loan
    agreement for September 2022. Despite subsequent messages informing you of such
    dishonor, no further action or correspondence has been taken on your end.

    This letter serves as a final and formal letter of demand, seeking payment in
    full of the amount of One Hundred Twenty Four Thousand Pesos (PhP 124,000.00),
    consisting of the four unpaid amortizations and their corresponding interest under the loan
    agreement by February 15, 2023. If you fail to comply by the given date, my client shall
    pursue legal action.

    Respectfully,
    Gino Alejandro Sison
    Counsel
    Roll #: 11981

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