R850.00
Acknowledgement of Debt
This Acknowledgement of Debt, is a legal precedent in terms of which a debtor acknowledges a debt in favour of a creditor and agrees/undertakes to pay the creditor the acknowledged debt at an agreed time in the future.
Details about this Legal Precedent:
- Has been drafted by an Attorney
- Offers security for the repayment of the debt
- Provides for a surety by the directors / shareholders of the debtor
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Description
Acknowledgement of Debt
This Precedent regulates the Acknowledgement of a Debt (AOD) by a Debtor to a creditor. It can be used as security for a debt or to acknowledge liability.
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