Aod
Aod
Aod
ACKNOWLEDGEMENT OF DEBT
2. I/We hereby agree and undertake to make payment of the Capital Sum, together with
interest thereon, as set out hereunder:
th
a) R 2 000.00 (two thousand rand) on the 30 of September 201_.
b) The balance thereafter outstanding, at the rate of R 2 000.00 (two thousand rand) or
more per month, commencing on 31 October 2012, and so payable on the last day of
each succeeding month thereafter, until the full amount of the Capital Sum and interest
as set out herein shall have been paid in full by me/us to the Creditor;
c) I/We acknowledge that the Capital Sum shall bear interest at the rate of 2% % (two per
centum) per month, as calculated from 15 July 201_ to the date of final payment;
d) All payments made in terms of this Acknowledgement of Debt may be appropriated by
the Creditor firstly in reduction of interest, then collection costs and thereafter in
reduction of the Capital Sum due, owing and payable to the Creditor from time to time;
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4. I/We confirm that no act of relaxation, indulgence or grace on the part of the Creditor
shall in any way be deemed to be a waiver by the Creditor on any of its rights in terms
of this Acknowledgement of Debt, or a novation hereof;
5. I/We hereby renounce the benefits of the legal exceptions "non numeratae
pecuniae", "errore calculi", "non causa debiti" and "revision of accounts" with the full
force, meaning and effect whereof I/We declare myself/ourselves to be fully
acquainted with;
7. I/We hereby choose domicilium citandi et executandi for all purposes in terms of this
Acknowledgement of Debt at:
Creditor Address
8. I/We agree and undertake to make payment of all collection and legal fees and
disbursements incurred by the Creditor to its collection agency or attorneys in regard to
the commencement of legal proceedings against me/us, including the costs of drawing
up this Acknowledgement of Debt, Personal Suretyships, Notarial General Bonds and
Cession of Book Debts, together with any consultations incurred in connection
therewith.
9. I/We do further acknowledge that the Certificate of Account signed by the Credit
Manager of the Creditor reflecting the existence of the Capital Sum and any accrued
interest due to the Creditor at any time shall be sufficient proof of the contents thereof
for the purposes of enabling the Creditor to obtain provisional sentence, or summary
judgment against me/us in any court having competent jurisdiction, and I/We further
confirm that this Acknowledgement of Debt shall be treated as a liquid document for
such purposes.
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As Witnesses:
1. _____________________________________
2. _____________________________________