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    ACKNOWLEDGMENT RECEIPT Between LAURIE AND AREOLA

    Uploaded by

    Jaime Gonzales
    Gina Bravo-Laurie acknowledges receiving PHP 500,000 from Eduardo Areola as the final payment stipulated in their Agreement of Mutual Rescission, which cancelled their original Conditional Deed of Sale for a parcel of land. The Agreement of Mutual Rescission outlined that Eduardo Areola would pay Gina Bravo-Laurie PHP 1,500,000 to return the land title, with PHP 1,000,000 paid initially and PHP 500,000 to be paid by October 2021; this receipt confirms receipt of the full payment, fulfilling the agreement.

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    ACKNOWLEDGMENT RECEIPT Between LAURIE AND AREOLA

    Uploaded by

    Jaime Gonzales
    120 views1 page
    Gina Bravo-Laurie acknowledges receiving PHP 500,000 from Eduardo Areola as the final payment stipulated in their Agreement of Mutual Rescission, which cancelled their original Conditional Deed of Sale for a parcel of land. The Agreement of Mutual Rescission outlined that Eduardo Areola would pay Gina Bravo-Laurie PHP 1,500,000 to return the land title, with PHP 1,000,000 paid initially and PHP 500,000 to be paid by October 2021; this receipt confirms receipt of the full payment, fulfilling the agreement.

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    ACKNOWLEDGMENT RECEIPT between LAURIE AND AREOLA.docx

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    Gina Bravo-Laurie acknowledges receiving PHP 500,000 from Eduardo Areola as the final payment stipulated in their Agreement of Mutual Rescission, which cancelled their original Conditional Deed of Sale for a parcel of land. The Agreement of Mutual Rescission outlined that Eduardo Areola would pay Gina Bravo-Laurie PHP 1,500,000 to return the land title, with PHP 1,000,000 paid initially and PHP 500,000 to be paid by October 2021; this receipt confirms receipt of the full payment, fulfilling the agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    120 views1 page

    ACKNOWLEDGMENT RECEIPT Between LAURIE AND AREOLA

    Uploaded by

    Jaime Gonzales
    Gina Bravo-Laurie acknowledges receiving PHP 500,000 from Eduardo Areola as the final payment stipulated in their Agreement of Mutual Rescission, which cancelled their original Conditional Deed of Sale for a parcel of land. The Agreement of Mutual Rescission outlined that Eduardo Areola would pay Gina Bravo-Laurie PHP 1,500,000 to return the land title, with PHP 1,000,000 paid initially and PHP 500,000 to be paid by October 2021; this receipt confirms receipt of the full payment, fulfilling the agreement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    ACKNOWLEDGMENT RECEIPT

    I, GINA BRAVO-LAURIE (vendee), Filipino, of legal age, married, and resident of Brgy.
    Baroro, Bacnotan, La Union, do hereby acknowledges the receipt of the sum of FIVE HUNDRED
    THOUSAND PESOS (Php 500,000.00) Philippine currency, in hand paid to my full satisfaction
    by EDUARDO AREOLA (vendor), Filipino, of legal age, married, and residing at Brgy.
    Calincamasan, San Juan, La Union, as payment in full for the balance relative to the AGREEMENT
    OF MUTUAL RESCISSION entered into between herein parties anent a contract of Conditional
    Deed of Sale (duly notarized on September 8, 2020 by Gloria Catbagan on , Notary Public for the
    City of San Fernando, La Union, entered in her notarial register as Doc. No. 105; Page No. 22;
    Book No. II; and Series of 2020.
    Agreement of Mutual Rescission
    “Xxx.
    WHEREAS, the first party (vendor) desires to return the advance payment for the purchase of his parcel of
    land situated in Calincamasan, Municipality of San Juan, Province of La Union Philippines, covered by
    Katibayan ng Orihinal na Titulo Blg. 025-CARP2018000347, made by the second party (vendee) on September
    8, 2020 in the amount ONE MILLION FIVE HUNDRED THOUSAND PESOS (Php 1,500,000.00) in the
    following manner, to wit::
    A) ONE MILLION PESOS (Php1,000,000.00) shall be paid upon signing and execution of this agreement;
    B) FIVE HUNDRED THOUSAND PESOS (Php 500,000.00) shall be paid on or before October 1, 2021 . .
    .;
    And the second party (vendee) shall return to the first party (vendor) the Katibayan ng Orihinal na Titulo
    Blg. 025-CARP2018000347 upon payment of the full amount of the ONE MILLION FIVE HUNDRED
    THOUSAND PESOS (Php 1,500,000.00) or upon cancellation of Mortgage Contract.
    WHEREFORE, in consideration of the mutual covenant of these parties, the parties hereby rescind the
    above mentioned contract of Conditional Deed of Sale executed by both parties on September 8, 2020 effective
    as of the day written below.
    Xxx.”

    That by virtue of this Acknowledgment Receipt, Gina Bravo-Laurie (vendee) acknowledges to


    have received the full amount of ONE MILLION FIVE HUNDRED THOUSAND PESOS (Php
    1,500,000.00) inclusive of this payment as stipulated in the Agreement of Mutual Rescission from
    Eduardo Areola (vendor), and that the former returns to the latter, who acknowledges to have
    received from the former the Katibayan ng Orihinal na Titulo Blg. 025-CARP2018000347 in
    fulfillment of their Agreement.

    IN WITNESS WHEREOF, we have hereunto set our hands this___day of


    ____________________________ 2020 at San Juan, La Union, Philippines.

    GINA BRAVO-LAURIE EDUARDO AREOLA


    Vendee Vendor
    _______________________________ _______________________________
    SIGNED IN THE PRESENCE OF:
    1. ____________________________ 2. ____________________________

    REPUBLIC OF THE PHILIPPINES )


    PROVINCE OF LA UNION ) S.S.
    MUNICIPALITY OF SAN JUAN )
    SUBSCRIBED AND SWORN to before me this ___day of _________________2020 at San
    Juan, La Union Philippines

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