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COMPLAINT
Plaintiff, through the undersigned attorney, unto this Honorable Trial Court
most respectfully alleges that:
4. The herein parties entered, executed and signed a Loan Agreement 1 (“loan
agreement”) in relation to the above mentioned amount loaned by the
defendants from the plaintiff.
1
Loan agreement dated November 22, 2018 as Annex “A”
5. The aforesaid loan agreement enumerates the loan amount, release of loan,
loan amount payment, interst and penalty of late payment.
6. It is expressly stated that the schedule of the first release of loan to the
defendants will be on November 22, 2018 amounting to Four Million Pesos
(Php4,000,000.00), the second release will be on March 28, 2019
amounting to Three Million Pesos (Php3,000,000.00) and the third and last
release of loan will be on April 10, 2019 amounting to Six Million Eight
Hundred Thousand Pesos (Php6,800,000.00).
9. Similarly, an agreed three (3%) percent penalty for evert month of delay
after April 30, 2019 will be charged and paid by the defendants as expressly
stated in the loan agreement.
10. However, inspite of the lapse of April 30, 2019 and despite plaintiff’s
repeated demands, both oral and written, the last of which was on
__________ through a Demand Letter2 _______ , defendants failed to pay
the principal amount of Thirteen Million Eight Hundred Thousand Pesos
(Php13,800,000.00), the agreed interest amounting to Three Million Three
Hundred Eleven Thousand Two Hundred Eighty Three Pesos and Five
Centavos (Php3,311,283.05) and the agreed three (3%) percent penalty for
evert month of delay after April 30, 2019 until this very moment without
just and valid grounds to the continued damage and prejudice of the
plaintiff.
11. Plaintiff in order to enforce his rights and interests has sought the services
of the herein attorney with attorney’s fees amounting to One
HundredThousand (Php100,000.00) Pesos and an appearance fee of Six
Thousand Pesos (P6,000.00).
12. Plaintiff has paid for litigation expenses amounting to Three Hundred
Thousand (Php300,000.00) and suffered moral damages in the amount of
Three Hundred Thousand Pesos (Php300,000.00) and Two Hundred
Thousand Pesos (Php200,000.00) for exemplary damages.
PRAYER
2
Demand Letter dated _________ as Annex “B”
WHEREFORE, premises considered, it is most respectfully prayed before
this Honorable Trial Court to render judgment in favor of the plaintiff and order
the defendants to pay the following:
3. the agreed three (3%) percent penalty for evert month of delay after April
30, 2019 until the final resolution of this case;
Other reliefs, just and equitable in the premises, are likewise prayed for.
SUBSCRIBED AND SWORN to before me, this ____ day of August 2020
at _________________, affiant exhibiting to me his competent evidence of his
identification No.______ issued on.__________ issued at ____________.
Doc. No.___;
Page No.___;
Book No.____;
Series of 2020.