Can I read Dacion en Pago Deed of Transfer on EtoBox?

Dacion en Pago Deed of Transfer by Atty. Ria Cruz is a document available to read on EtoBox.

What is Dacion en Pago Deed of Transfer about?

The document is a deed of transfer between Marshal Cruz, Don Cruz, Ria Cruz, Mar Cruz (transferors) and Premium Feeds Corporation (transferee). The transferors took out a loan of PHP 24 million from the transferee and mortgaged their property as security. To settle the loan, the transferors are transferring ownership of the property by way of dation in payment to the transferee, who accepts. The transferors sign over ownership of the property to the transferee to fully acquit their loan obligation.

Author

Atty. Ria Cruz

Language

EN