This document appoints the principal's brother as their attorney-in-fact, granting him broad powers to manage the principal's business, property, finances, and legal affairs. Specifically, it allows him to buy and sell assets, borrow money, access bank accounts, settle debts and accounts, sign contracts and documents, and handle all other matters involving the principal's estate as if he were the principal. The power of attorney was signed by the principal and witnessed as a legal authorization for the attorney-in-fact to act on the principal's behalf.
This document appoints the principal's brother as their attorney-in-fact, granting him broad powers to manage the principal's business, property, finances, and legal affairs. Specifically, it allows him to buy and sell assets, borrow money, access bank accounts, settle debts and accounts, sign contracts and documents, and handle all other matters involving the principal's estate as if he were the principal. The power of attorney was signed by the principal and witnessed as a legal authorization for the attorney-in-fact to act on the principal's behalf.
This document appoints the principal's brother as their attorney-in-fact, granting him broad powers to manage the principal's business, property, finances, and legal affairs. Specifically, it allows him to buy and sell assets, borrow money, access bank accounts, settle debts and accounts, sign contracts and documents, and handle all other matters involving the principal's estate as if he were the principal. The power of attorney was signed by the principal and witnessed as a legal authorization for the attorney-in-fact to act on the principal's behalf.
I, ____________________________, of legal age, Filipino, married to ________________________________ and a resident of ____________________________________________, do hereby name, constitute and appoint my brother, ______________________________________________ of legal age, Filipino, married and a resident of _____________________________________________________, Philippines to be my true and lawful attorney in-fact to act, for and in my stead, to do and perform the following acts deeds and things, to wit: 1.
To exercise administration, general control and
supervision over my business and property in the Philippines, and to act as my general representative and agent, with full authority to buy, sell, negotiate and contract for me and in my behalf;
2.
To ask demand, sue for, recover and receive all sums
of money, debts, dues, goods, wares, merchandise, chattels, effects and things of whatsoever nature or description which now or hereafter shall be or become due, owing, payable or belonging to me or by any right, title, ways, or means howsoever, and upon receipt thereof or any part thereof, to make, sign, execute and deliver such receipts, releases or other discharges;
3.
To buy or otherwise acquire, to hire, or lease and to
pledge, or otherwise hypothecate, assign and dispose
of any and all my personal property of any interest
therein, upon such terms and conditions and under such covenants as my said attorney shall deem fit and proper, and to execute in my name any and all agreements or other writings therefor, or in any way connected therewith or with any business or property; 4.
To deposit money and to withdraw the same by check,
receipt, draft or otherwise in any bank in my name, to sign, endorse, draw, accept, make execute, deliver and pay checks, drafts, bills of exchange, promissory notes, letters of credit, guarantees and all other writings, contracts, and agreements;
5.
To borrow any sum or sums of money that are urgent
and indispensable for the preservation of the things which are under his administration on such terms, conditions and stipulations, and on such security, as our attorney may think fit for that purpose, to execute all promissory notes, bonds, mortgages and other instruments which may be necessary and proper;
6.
To settle any account or reckoning whatsoever
wherein we are , or at any time hereafter shall be in anyway interested or concerned with any person whomsoever, and to pay or receive the balance thereof as the case may be;
7.
To compound with or make allowances to any person
for and in respect to any debt or demand whatsoever which now is or shall at any time hereafter become due and payable to me, and to take and receive any compensation or dividend thereof or thereupon and to give releases or other discharges for the whole of such debts or demands and every other right, matter
and thing due to or concerning me as my attorney
may deem advisable in the premises; 8.
To make, sign, seal, execute and deliver contracts,
documents, agreements and other writings upon terms and conditions acceptable to my said attorney;
9.
In general, to do all acts, deeds, matters and things
whatsoever, in or about my estate, property and affairs, or to concur with persons jointly interested with myself therein doing all acts, deeds, matters and things herein, either particularly or generally described, as fully and effectually to all intents and purposes as I could do in my own proper person if personally present.
HEREBY GIVING AND GRANTING UNTO I said attorney full
power and authority whatsoever requisite or necessary or proper to be done in or about the premises, as fully to all intents and purposes as I might or could lawfully do if personally present, (with power or substitution and revocation), and hereby ratifying and confirming all that I said attorney shall do or cause to be done under and by virtue of these presents. IN WITNESS WHEREOF, I have hereunto set my hand on this ______th day of ______________________, 2010, at ________________, Philippines
____________________________________________ Principal
_________________________ and ___________________________
ACKNOWLEDGMENT REPUBLIC OF THE PHILIPPINES ) City of _______________________________)SS. X - - - - - - - - - - - - - - - - - - - - - ------ - X BEFORE ME, a Notary Public for and in the City of _______________________, Philippines this __________________personally appeared ______________________________ with his LTO License No. _______________issued at ________________, and expiring on ________________________, known to me and to me known to be the same person who executed the foregoing instrument and he acknowledged to me that the same is his own free and voluntary act and deed. Doc. No. ________; Page No. _______; Book No. _______; Series of 2010.