1) The letter is regarding two contracts entered into by Reynaldo Madrid as the lender. The first contract was with Romy S. Tolentino on February 25, 2017 for P55,000. The second contract was with Marlon A. Antonio on July 19, 2018 for P50,000.
2) For the contracts, Reynaldo Madrid collected P55,000 from Romy S. Tolentino and P50,000 from Marlon A. Antonio. An additional 10 cavans of palay was also owed as interest.
3) The letter demands payment of the total outstanding amount of P333,700 within 10 days to avoid legal action.
1) The letter is regarding two contracts entered into by Reynaldo Madrid as the lender. The first contract was with Romy S. Tolentino on February 25, 2017 for P55,000. The second contract was with Marlon A. Antonio on July 19, 2018 for P50,000.
2) For the contracts, Reynaldo Madrid collected P55,000 from Romy S. Tolentino and P50,000 from Marlon A. Antonio. An additional 10 cavans of palay was also owed as interest.
3) The letter demands payment of the total outstanding amount of P333,700 within 10 days to avoid legal action.
1) The letter is regarding two contracts entered into by Reynaldo Madrid as the lender. The first contract was with Romy S. Tolentino on February 25, 2017 for P55,000. The second contract was with Marlon A. Antonio on July 19, 2018 for P50,000.
2) For the contracts, Reynaldo Madrid collected P55,000 from Romy S. Tolentino and P50,000 from Marlon A. Antonio. An additional 10 cavans of palay was also owed as interest.
3) The letter demands payment of the total outstanding amount of P333,700 within 10 days to avoid legal action.
1) The letter is regarding two contracts entered into by Reynaldo Madrid as the lender. The first contract was with Romy S. Tolentino on February 25, 2017 for P55,000. The second contract was with Marlon A. Antonio on July 19, 2018 for P50,000.
2) For the contracts, Reynaldo Madrid collected P55,000 from Romy S. Tolentino and P50,000 from Marlon A. Antonio. An additional 10 cavans of palay was also owed as interest.
3) The letter demands payment of the total outstanding amount of P333,700 within 10 days to avoid legal action.
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04 December 2018
Lilia Callibo Purok 6 San Mateo Mapuroc, Isabela
Re: Money Disputes
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Gentlemen:
We write on behalf of our client, REYNALDO MADRID, in connection with:
a. By virtue of a contract entered between ROMY S. TOLENTINO and
REYNALDO MADRID, both residents of Mapuroc, San Mateo, Isabela, executed on 25th day of February 2017, hereinafter referred as “FIRST CONTRACT”, attached herewith as Annex A.
b. The contract entered between MARLON A. ANTONIO and REYNALDO
MADRID, both residents of San Mateo, Isabela dated 19th day of July, 2018, hereinafter referred as “SECOND CONTRACT”, attached herewith as Annex B.
For the FIRST CONTRACT, you collected an amount equivalent to FIFTY FIVE THOUSAND (P55, 0000.00) PESOS, Philippine Currency, from Romy S. Tolentino, the Lender.
For the SECOND CONTRACT, you collected an amount equivalent to FIFTY FIVE THOUSAND (P50, 000.00) PESOS, Philippine Currency from Reynaldo Madrid, the LENDER.
In addition to the foregoing, an additional interests of TEN (10) CAVANS OF PALAY
Final demand is hereby made upon you to pay your outstanding obligations to the Corporation in the total amount of THREE HUNDRED THIRTY-THREE THOUSAND SEVEN HUNDRED PESOS (P333,700.00), representing your unpaid accounts as of 31 May 2008.
Should you fail to comply with this demand within ten (10) days from receipt of this letter, we shall be constrained to file all appropriate complaints against you to protect the Corporation’s interests. We shall hold you liable, in case of suit, for interest, damages, attorney’s fees and other charges as may be incurred. Please give this matter your immediate and preferential attention. We trust you will see your way clear towards the prompt and amicable settlement of our client’s plainly valid demands in order for you to avoid the inconvenience, expenses and embarrassment of litigation.
