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Final Demand Letter; Lawyer’s Assistance is a Plus
A demand for payment of monetary obligation has always been important in collection of debt. Through a demand, the borrower is made aware that his obligation to pay the debt has already become due. A...
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DIFFERENT WAYS OF EXTINGUISIHNG DEBT
The Civil Code of the Philippines discusses several ways on how to extinguish a previously contracted debt, namely: NOVATION, COMPENSATION, MERGER, REMISSION, and PAYMENT. Although there are still...
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