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    Acknowledgment Receipt of Partial Payment

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    Clint M. Maratas
    Florencio Jarpacio acknowledges receiving partial payment of P250,000 from Jose Pancho for the sale of 500 square meters of land. This serves as partial payment for the P500,000 purchase. The remaining P345,000 must be paid by March 2023. Upon full payment, Jarpacio will execute an absolute deed of sale transferring ownership to Pancho. Jarpacio assures Pancho he owns the land and has a perfect title to transfer.

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    Acknowledgment Receipt of Partial Payment

    Uploaded by

    Clint M. Maratas
    2K views2 pages
    Florencio Jarpacio acknowledges receiving partial payment of P250,000 from Jose Pancho for the sale of 500 square meters of land. This serves as partial payment for the P500,000 purchase. The remaining P345,000 must be paid by March 2023. Upon full payment, Jarpacio will execute an absolute deed of sale transferring ownership to Pancho. Jarpacio assures Pancho he owns the land and has a perfect title to transfer.

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    acknowledgment receipt

    Original Title

    ACKNOWLEDGMENT RECEIPT OF PARTIAL PAYMENT

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    Florencio Jarpacio acknowledges receiving partial payment of P250,000 from Jose Pancho for the sale of 500 square meters of land. This serves as partial payment for the P500,000 purchase. The remaining P345,000 must be paid by March 2023. Upon full payment, Jarpacio will execute an absolute deed of sale transferring ownership to Pancho. Jarpacio assures Pancho he owns the land and has a perfect title to transfer.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Acknowledgment Receipt of Partial Payment

    Uploaded by

    Clint M. Maratas
    Florencio Jarpacio acknowledges receiving partial payment of P250,000 from Jose Pancho for the sale of 500 square meters of land. This serves as partial payment for the P500,000 purchase. The remaining P345,000 must be paid by March 2023. Upon full payment, Jarpacio will execute an absolute deed of sale transferring ownership to Pancho. Jarpacio assures Pancho he owns the land and has a perfect title to transfer.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ACKNOWLEDGMENT RECEIPT OF PARTIAL PAYMENT

    KNOWN ALL MEN BY THESE PRESENTS:

    I, FLORENCIO JARPACIO, married to Anecita Edisan of legal age, Filipino Citizen, with
    residence and postal address at Alangasil, Madridejos, Alegria, Cebu, Philippines, hereinafter
    referred to as the RECEPIENT/VENDOR, do hereby acknowledge receipt of the amount of TWO
    HUNDRED FIFTY PESOS (P250,000.00) as partial payment of the parcel of land I sold to JOSE M.
    PANCHO II, married of legal age, Filipino citizen, with residence and postal address at Bato, Toledo
    City, Cebu, hereinafter referred to as the PAYOR/VENDEE;

    This payment received will serve as partial payment of the PAYOR/VENDEE to the FIVE
    HUNDRED (500) SQUARE METERS portion of the herein described property which he bought
    from me. This is a portion of unregistered parcel of land located in Barangay Madridejos, Alegria,
    Cebu under Tax Declaration No. 06967, CADASTRAL LOT NO. 2616 more particularly described as
    follows:

    A parcel of land (Lot 2616) bounded on the North by Creek, East by Lot No. 2615,
    South by Barangay Road and on the West by National Road.

    Containing an area of ONE THOUSAND FOUR HUNDRED NINETY FOUR SQUARE METERS
    (1494), more or less.

    That the balance of THREE HUNDRED FORTY FIVE THOUSAND PESOS (P345,000.00)
    shall be paid on or before the second week of March 2023;

    That upon receipt of the full payment, the latter shall execute an Absolute Deed of Sale in
    favour of the PAYOR/VENDEE;

    That the vendor assures the vendee that the property is free of all charges, encumbrances,
    and mortgage and that he is the absolute owner upon full payment and process of documents and
    had a perfect title to it and a right to alienate it. The vendor assures the vendee to indemnify the
    vendee of the damage caused to him on account of such defect if any.

    IN WITNESS WHEREOF, we have hereunto set our hands this _____day of February 2023, in
    the ______________________, Philippines.

    FLORENCIO JARPACIO With My Marital Consent:


    Vendor
    SSS ID NO 06-2086577-7
    ANECITA EDISAN-JARPACIO

    Conforme:

    JOSE M. PANCHO II
    Issued on ______________
    Issued at_______________

    SIGNED IN THE PRESENCE OF:

    _____________________ ______________________
    ACKNOWLEDGMENT

    Republic of the Philippines }


    City of_____________ } S.S.
    Province of Cebu
    X ======================= X

    BEFORE ME, a Notary Public in and for the City of _____________, this __________ day of
    ___________________________ 2023, personally appeared FLORENCIO JARPACIO, who has satisfactorily
    proven to me his identity through his SSS ID 06-2086577-7, that he is the same person who
    executed and voluntarily signed the foregoing Acknowledgment Receipt of Partial Payment
    which he acknowledged before me as his free and voluntary act and deed with marital consent.
    This instrument consisting of TWO (2) pages, including the page on which this acknowledgment is
    written has been signed on the left margin of each and every page thereof by the parties and their
    witnesses.

    WITNESS MY HAND AND NOTARIAL SEAL, on the date and place first above-written.

    Doc. No. ___


    Page No. ___
    Book No. ___
    Series of ____.

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