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    Demand Andrews Checks

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    Co Alexinne
    This letter is from lawyer Bibiano Bustamante on behalf of his client Alma Andrews regarding a joint venture agreement between Andrews and Jerson Saballa. Andrews invested PHP 3 million in Saballa's business. Saballa issued 10 post-dated checks totaling PHP 900,000 as payment but the checks bounced due to insufficient funds. Despite demands, Saballa has failed to pay the outstanding PHP 750,000 plus 25% attorney fees. The letter gives Saballa 5 days to pay before legal action is pursued.

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    © All Rights Reserved
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    Demand Andrews Checks

    Uploaded by

    Co Alexinne
    33 views2 pages
    This letter is from lawyer Bibiano Bustamante on behalf of his client Alma Andrews regarding a joint venture agreement between Andrews and Jerson Saballa. Andrews invested PHP 3 million in Saballa's business. Saballa issued 10 post-dated checks totaling PHP 900,000 as payment but the checks bounced due to insufficient funds. Despite demands, Saballa has failed to pay the outstanding PHP 750,000 plus 25% attorney fees. The letter gives Saballa 5 days to pay before legal action is pursued.

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    This letter is from lawyer Bibiano Bustamante on behalf of his client Alma Andrews regarding a joint venture agreement between Andrews and Jerson Saballa. Andrews invested PHP 3 million in Saballa's business. Saballa issued 10 post-dated checks totaling PHP 900,000 as payment but the checks bounced due to insufficient funds. Despite demands, Saballa has failed to pay the outstanding PHP 750,000 plus 25% attorney fees. The letter gives Saballa 5 days to pay before legal action is pursued.

    Copyright:

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

    Demand Andrews Checks

    Uploaded by

    Co Alexinne
    This letter is from lawyer Bibiano Bustamante on behalf of his client Alma Andrews regarding a joint venture agreement between Andrews and Jerson Saballa. Andrews invested PHP 3 million in Saballa's business. Saballa issued 10 post-dated checks totaling PHP 900,000 as payment but the checks bounced due to insufficient funds. Despite demands, Saballa has failed to pay the outstanding PHP 750,000 plus 25% attorney fees. The letter gives Saballa 5 days to pay before legal action is pursued.

    Copyright:

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

    Rm. LD218, Brokenshire College Campus, Madapo Hills .

    , Davao City
    Telephone No. (082) 224-6406

    November 13, 2023

    JERSON SABALLA
    Llanes Bldg., Pioneer Ave.,
    Magugpo Poblacion, Tagum City,
    Davao del Norte

    Dear Sir Saballa:

    I am writing on behalf of my client ALMA S. ANDREWS pertaining to your obligation amounting


    to NINE HUNDRED THOUSAND (P900, 000.00) PESOS as payment for the acquired profits on my client
    in your Joint Venture Agreement which my client invested the total amount of THREE MILLION (P3,
    000,000.00) PESOS for the operation of your business NEXUSINFINITY GLOBAL HEALTH AND BEAUTY
    PRODUCTS TRADING with business address at Purok 5A, Kahaponan, Valencia City, Bukidnon.

    As provided in Section V of your Agreement, you have issued the following checks, with details to
    wit:

    BANK CHECK NO. DATE ISSUED AMOUNT

    Security Bank – Bukid- 0000058683 February 1, 2022 P50,000.00


    non Valencia Branch
    - Same - 0000058691 February 6, 2022 P100,000.00
    - Same - 0000058684 March 1, 2022 P50,000.00
    - Same - 0000058692 March 6, 2022 P100,000.00
    - Same - 0000058685 April 1, 2022 P50, 000.00
    - Same - 0000058693 April 6, 2023 P100, 000.00
    - Same - 0000058686 May 1, 2022 P50, 000.00
    - Same - 0000058694 May 6, 2022 P100,000.00
    - Same - 0000058687 June 1, 2022 P50, 000.00
    - Same - 0000058695 June 6, 2022 P100,000.00

    Upon deposit, the above-mentioned checks were dishonored by the drawee bank due to DRAWN
    AGAINST INSUFFICIENT FUNDS (“DAIF”) and “ACCOUNT CLOSED”. Previous efforts have been made to
    collect the outstanding obligation already due and owing. However, to date, you have failed to pay and
    remain adamant to settle your obligation.

    In view of the foregoing, please consider this as our LAST DEMAND and will you please pay my
    client the total amount of amount of SEVEN HUNDRED FIFTY THOUSAND (Php750,000.00) PE-
    SOS representing the total amount of the ten (10) issued checks above-stated plus twenty-five percent (25%)
    Attorney’s fees thereof within FIVE (5) DAYS upon receipt of this letter. If you fail to do so, I don’t have
    any other recourse but to file civil and/or criminal charges against you in court to protect the interest of my
    client.

    Please attend to this with utmost concern.

    Very respectfully yours,

    ATTY. BIBIANO M. BUSTAMANTE


    Counsel for ALMA ANDREWS

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