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Alexander D. Greatest filed a complaint against Juan P. Masipag for collection of a sum of money. Greatest lent Masipag PHP 1 million on January 13, 2007, with an interest rate of 12% per annum. The loan became due on January 14, 2009, but Masipag did not make any payments. Greatest is now owed PHP 1,960,000 including principal and interest. Despite demands for payment, Masipag has failed and refused to pay. Greatest requests the court order Masipag to pay the PHP 1,960,000 owed as well as PHP 75,000 in leg

Author

Jay Ar

Language

EN