ACKNOWLEDGEMENT OF DEBT
I, ________, of ________ (the "Debtor") hereby acknowledge and confirm that I am indebted to ________, of ________ (the "Creditor") in the sum of ₦________ (________) (the "Debt"), being the Debt owed to the Creditor for the goods sold to the Debtor on ________.
This sum includes all accrued interests and other miscellaneous charges that are due as of this date and in the future.
I undertake to pay the Debt sum together with all interest and miscellaneous charges according to the following payment plan:
________
I hereby certify and confirm as follows:
(1) All previous verbal or written agreements between the Creditor and the Debtor has been modified by this Debt Acknowledgement.
(2) If the Debtor fails to pay as agreed, the whole amount will immediately become due and payable.
(3) All payments made in the settlement of the Debt shall be appropriated in the manner determined by the Creditor.
(4) There are no defences, claims, credits, or set-offs to the Debt.
(5) If the Debtor fails to payment as agreed, the Creditor shall be authorized to pursue all legal actions to recover the Debt sum together with all interest and miscellaneous charges, and the Creditor shall be entitled to all legal and equitable remedies.
(6) In the event of a dispute, the parties shall settle their disputes amicably and may resort to alternative dispute resolution. Notwithstanding this, the courts shall have the jurisdiction to hear and determine disputes relating to this document.
(7) The Creditor's delay, omission, or failure to exercise or enforce its right shall not be construed as a waiver.
(8) 552 828225 5252525228 22 2522 2522222 22 252 85258225 22 588 2228 525 25222828 252 85258225 252 82855 82 252 8288282822 22 252 8282, 828855822 8282 82855525 82 252 85258225 82 222258822 828 582528 52525 2588 825222222, 828855822 588 5258225882 52225222 2228, 82285825282 2228, 525 22525 25222828 82855525 82 8222282822 8825 252 52828252 22 252 8282.
DATED this _______ day of ________________________, 20____.
Signed by the Debtor:
_____________________
________
Witness to the above signature:
Name..................................................................................................................
Address..............................................................................................................
Occupation.........................................................................................................
Signature............................................................................................................
ACKNOWLEDGEMENT OF DEBT
I, ________, of ________ (the "Debtor") hereby acknowledge and confirm that I am indebted to ________, of ________ (the "Creditor") in the sum of ₦________ (________) (the "Debt"), being the Debt owed to the Creditor for the goods sold to the Debtor on ________.
This sum includes all accrued interests and other miscellaneous charges that are due as of this date and in the future.
I undertake to pay the Debt sum together with all interest and miscellaneous charges according to the following payment plan:
________
I hereby certify and confirm as follows:
(1) All previous verbal or written agreements between the Creditor and the Debtor has been modified by this Debt Acknowledgement.
(2) If the Debtor fails to pay as agreed, the whole amount will immediately become due and payable.
(3) All payments made in the settlement of the Debt shall be appropriated in the manner determined by the Creditor.
(4) There are no defences, claims, credits, or set-offs to the Debt.
(5) If the Debtor fails to payment as agreed, the Creditor shall be authorized to pursue all legal actions to recover the Debt sum together with all interest and miscellaneous charges, and the Creditor shall be entitled to all legal and equitable remedies.
(6) In the event of a dispute, the parties shall settle their disputes amicably and may resort to alternative dispute resolution. Notwithstanding this, the courts shall have the jurisdiction to hear and determine disputes relating to this document.
(7) The Creditor's delay, omission, or failure to exercise or enforce its right shall not be construed as a waiver.
(8) 552 828225 5252525228 22 2522 2522222 22 252 85258225 22 588 2228 525 25222828 252 85258225 252 82855 82 252 8288282822 22 252 8282, 828855822 8282 82855525 82 252 85258225 82 222258822 828 582528 52525 2588 825222222, 828855822 588 5258225882 52225222 2228, 82285825282 2228, 525 22525 25222828 82855525 82 8222282822 8825 252 52828252 22 252 8282.
DATED this _______ day of ________________________, 20____.
Signed by the Debtor:
_____________________
________
Witness to the above signature:
Name..................................................................................................................
Address..............................................................................................................
Occupation.........................................................................................................
Signature............................................................................................................
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