Acknowledgement Of Debt And Repayment Agreement

Acknowledgement Of Debt And Repayment Agreement

The document may be adapted to the nature of the unpaid debt, such as the purpose for which the debt was incurred and the date of the debt being made, the value of the outstanding debt, and the circumstances in which one or both of the agents of the parties have. page 1 of 3 ACKNOWLEDGEMENT OF debtacknowledgeMENT OF debtacknowledgement OF debtacknowledgeMENT OF debtacknowledgeMENT OF debt I/We, the signed, Name of Debtor, address of debtor (hereafter referred to as debtor/s) herethly acknowledge that I myself am truly indebted for and in favour of the creditor`s name, Address of the creditor (hereafter referred to as the creditor), of its rightful rights holders in ownership or transfer, in total of R 337 (three hundred and thirty-seven thousand four hundred) (hereafter referred to as «capital amount») as a liquid debt that the debtor must consider as a liquid debt for the property sold and/or delivered by the creditor at 9 and I/Us. Page 2 of 3 dated on .. this. Day of .. 201_ 1. (Creditor`s Signature) – (Full Creditor Name) CREDITOR 1. (Signing of the debtor) 2. (Full debtor/debtor name) DEBTOR as witnesses:As witnesses: As witnesses: 1. Thank you for starting all these pages except. Thank you for starting all the pages except these cookies. ACKNOWLEDGMENT OF DEBT. The debtor agrees and acknowledges that he is fully indebted to the creditor.

CONSIDERING that the debtor is liable to the creditor for an amount equal to [AMOUNT DEBT DOLLAR] dollar (the «debt») (the «debt»); and PandaTip: In other words, this agreement is now the debt control agreement and, in any case, the terms of that agreement are different from those signed previously, the terms of that agreement are the ones that are used. Location: 6 page 2 of 3 3. I agree with the jurisdiction of the Magistrate`s Court within the meaning of section 45 of Act 32 of 1944, as amended, for all intents and purposes in the sense of this recognition of the debt, but we confirm that this does not prevent the creditor from proceeding against me by another competent court; 4. I/We confirm that no act of easing, cancellation or pardon of the creditor is in any way regarded as a waiver of the creditor`s rights within the meaning of this DEBT RECOGNITION or as a renewal of that debt; (5) This document may also lead, when a debt is recognised in England and Wales within an applicable statute of limitations, to extend, in the event of a dispute, the period within which a right is extended for that date.

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