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    Oliver Cruzada: Issuance of A Check Without Sufficient Funds or Credit and For Other Purposes"

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    Adrian Kit
    This letter is a final demand for Oliver Cruzada to pay Php 50,000 to Bradford Santiago for an unpaid loan. The letter states that Cruzada obtained a loan and refused to pay despite an earlier demand letter. Cruzada is also in violation of a law penalizing checks without sufficient funds for not honoring a post-dated check. The letter warns that if payment is not made upon receipt, legal action will be taken.

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

    Oliver Cruzada: Issuance of A Check Without Sufficient Funds or Credit and For Other Purposes"

    Uploaded by

    Adrian Kit
    15 views1 page
    This letter is a final demand for Oliver Cruzada to pay Php 50,000 to Bradford Santiago for an unpaid loan. The letter states that Cruzada obtained a loan and refused to pay despite an earlier demand letter. Cruzada is also in violation of a law penalizing checks without sufficient funds for not honoring a post-dated check. The letter warns that if payment is not made upon receipt, legal action will be taken.

    Original Title

    FINAL DEMAND LETTER

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    This letter is a final demand for Oliver Cruzada to pay Php 50,000 to Bradford Santiago for an unpaid loan. The letter states that Cruzada obtained a loan and refused to pay despite an earlier demand letter. Cruzada is also in violation of a law penalizing checks without sufficient funds for not honoring a post-dated check. The letter warns that if payment is not made upon receipt, legal action will be taken.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views1 page

    Oliver Cruzada: Issuance of A Check Without Sufficient Funds or Credit and For Other Purposes"

    Uploaded by

    Adrian Kit
    This letter is a final demand for Oliver Cruzada to pay Php 50,000 to Bradford Santiago for an unpaid loan. The letter states that Cruzada obtained a loan and refused to pay despite an earlier demand letter. Cruzada is also in violation of a law penalizing checks without sufficient funds for not honoring a post-dated check. The letter warns that if payment is not made upon receipt, legal action will be taken.

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    © All Rights Reserved
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    30 September 2020

    Oliver Cruzada
    Triangle Street corner, University Parkway
    BGC, Taguig City
    Philippines

    Re: Demand to Pay Php 50,000.00

    Dear Mr. Cruzada:

    We write to you in behalf of our client, Mr. Bradford Santiago, regarding the unpaid loan
    of Fifty Thousand Pesos (Php 50,000.00) you obtained from our client.

    We have been informed that you refuse to pay despite receiving the demand letter sent
    by our client.

    Upon considering the dishonor of the post-dated check, BDO Check No. 29384747586,
    and your refusal to pay despite receipt of a demand letter, you stand in violation of Batas
    Pambansa blg. 22 or “AN ACT PENALIZING THE MAKING OR DRAWING AND
    ISSUANCE OF A CHECK WITHOUT SUFFICIENT FUNDS OR CREDIT AND FOR
    OTHER PURPOSES”.

    Accordingly, a FINAL DEMAND is hereby made upon you to pay the


    aforementioned amount as soon as possible upon receipt of this letter. Otherwise, our
    client will be constrained to file the necessary legal action against you in order to protect
    his interest.

    We trust that you will take this matter seriously in order to avoid the expense and
    inconvenience of litigation.

    Lacuata, Layug, Nalupta & Osorio


    Law Offices
    1234 University Parkway, Taguig, Metro Manila

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