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Protest of Bill of Exchange and Notice of Protest

The document summarizes a protest of a bill of exchange. On January 4, 2017, Notary Public James Decolongon presented a bill of exchange for P100,000 payable to Rhea Olaivar at JLD Corporation, but payment was refused. As a result, Decolongon publicly protested against the drawer and indorsers. Decolongon also served notice of the protest to Ignacio Kulot, the drawer, at his residence in Digos City.

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James Decolongon
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1K views

Protest of Bill of Exchange and Notice of Protest

The document summarizes a protest of a bill of exchange. On January 4, 2017, Notary Public James Decolongon presented a bill of exchange for P100,000 payable to Rhea Olaivar at JLD Corporation, but payment was refused. As a result, Decolongon publicly protested against the drawer and indorsers. Decolongon also served notice of the protest to Ignacio Kulot, the drawer, at his residence in Digos City.

Uploaded by

James Decolongon
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PROTEST OF BILL OF EXCHANGE

BE IT KNOWN that on the 4th of January 2017 at 10


A.M., in the city of Digos, Philippines, at the request of RHEA
OLAIVAR the holder of the draft hereinafter set forth, I, JAMES
DECOLONGON, a duly commissioned Notary Public for and in
the City of Digos, Davao del Sur, personally presented the
original of the said draft at JLD Corporation to the drawee,
and demanded payment thereof, which he refused saying
we need to authenticate the Bill;

That said draft is in words and figures following:

Payable to Rhea Olaivar the amount of P100,000 only;

WHEREUPON, I, the said Notary, at the request


aforesaid, did protest and by these presents, do publicly
protest as well against the drawer and indorsers of the said
draft, as against all others whom it both or may concern, for
exchange, re-exchange, and all costs, charges, damages,
and interests already incurred or to be incurred by reason
hereof;

AND I DO HEREBY CERTIFY that on 4th the day of


January, 2017, notice of protest, signed by me, was served
upon IGNACIO KULOT drawer, delivering the same to him
personally in this Rizal Ave., JLD Bldg., Digos City, Davao del
Sur at No. 553-1232, such being his reputed place of
residence.

THUS DONE and protest at Digos city, Davao del Sur


this 4th day of January 2017.

JAMES L. DECOLONGON
Notary Public
Doc No. ____ Until December 31, 2017
Page No. ____ Roll No.: 82714
Book No. ____ IBP No. 631820, January 6, 2014, Digos
City
Series of 2017 PTR No.080324 January 6, 2014 Digos
City TIN: 290-937-407 January
6, 2010 Digos City

NOTICE OF PROTEST

JANUARY 4, 2017

To: Jesse V. Abad


S.DA. Road Digos city,
Davao del Sur, Philippines

Sir: Notice is hereby given at the request of RHEA OLAIVAR,


the holder of draft drawn by JOSE JESUS, dated September
20, 2016, payable to the order of RHEA OLAIVAR for the sum
of ONE HUNDRED THOUSAND PESOS ONLY and drawn by
you, that the same was this day protested for non-payment,
and that the holder looks to you for the payment thereof;
and for damages, interests, and costs, said payment having
been demanded and refused.

JAMES
DECOLONGON
Very truly yours,

JAMES L. DECOLONGON
Notary Public
Doc No. ____ Until December 31, 2017
Page No. ____ Roll No.: 82714
Book No. ____ IBP No. 631820, January 6, 2014, Digos
City
Series of 2017 PTR No.080324 January 6, 2014 Digos
City TIN: 290-937-407 January
6, 2010 Digos City

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