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Form No. 1--Acknowledgment of Debt
- Category: Philippines Legal Form
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(Acknowledgment of Debt)
DEED OF ACKNOWLEDGMENT OF DEBT
KNOW ALL MEN BY THESE PRESENTS:
I, _____________, of legal age, Filipino, (single / married / widow), and a resident of _____________, after being duly sworn to in accordance with law, witnesseth and declare:
That I am indebted in the sum of _____________ (P_____________), Philippine Currency, to _____________, who is also of legal age, (single / married / widow), and a resident of _____________.
That I hereby promise and undertake to pay the said indebtedness unto the said _____________ within a period of _____________ (_____) (months/years/days) from today, in the amount of _____________ (P_____________) (monthly/daily) every _____________ with interest at the rate of _____________ (_____%) per centum per (month/annum) until fully paid.
IN WITNESS WHEREOF, I have hereunto set my hand this _____________ in _____________, Philippines.
SIGNED IN THE PRESENCE OF: