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  • BP 22 Demand Letter

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    RobertClosas
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    VEPCO Group Distribution Inc. sent a notice of dishonored check to Desiree Saludo. The check for an unspecified amount issued by Saludo on an unspecified date was dishonored by the bank due to insufficient funds. VEPCO requests that Saludo make arrangements within 5 days to pay the check in full, as failure to do so could be considered deceit or fraud under Philippine law.

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    VEPCO Group Distribution Inc. sent a notice of dishonored check to Desiree Saludo. The check for an unspecified amount issued by Saludo on an unspecified date was dishonored by the bank due to insufficient funds. VEPCO requests that Saludo make arrangements within 5 days to pay the check in full, as failure to do so could be considered deceit or fraud under Philippine law.

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    © All Rights Reserved
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    59 views1 page

    BP 22 Demand Letter

    Uploaded by

    RobertClosas
    VEPCO Group Distribution Inc. sent a notice of dishonored check to Desiree Saludo. The check for an unspecified amount issued by Saludo on an unspecified date was dishonored by the bank due to insufficient funds. VEPCO requests that Saludo make arrangements within 5 days to pay the check in full, as failure to do so could be considered deceit or fraud under Philippine law.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    VEPCO Group Distribution Inc.

    61-A Osmena St. Brgy. 24


    Cagayan De Oro City

    December 15, 2014

    Re: Notice of Dishonor Check

    Desiree Saludo
    174 Salcedo St. Legaspi Village
    Makati City

    Dear Madam:
    I regret to advise you that your Check with Check No. ________________ dated
    ____________ for the sum of ____________ issued by you in payment of your _______
    purchased as evidence by the following Delivery Receipts, has been dishonored by
    the drawee bank for the reason: drawn against insufficiency fund.
    Pursuant to the provision of Batas Pambansa No. 22 in conjunction with RA 4885. I
    would ask you to make necessary arrangement for the payment in full by the
    drawee bank of your check within five days from the receipt of this notice. Needless
    to state, in this connection, your failure to do so is prima facie evidence of deceit
    constituting false pretense or fraudulent act punishable under the law.
    Please be guided accordingly.

    Truly yours,

    Abdul Najib P. Pangader, CPA, MBA


    AVP-Legal and Compliance

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