LEGAL FOUNDATION: SATISFACTION OF JUDGMENT IN PHILIPPINE LAW Upon judgment, once the defendant pays the amount adjudged, this effectively satisfies the monetary obligation in favor of the plaintiff.
“A confession of judgment is an acknowledgment that a debt is justly due and cuts off all defenses and right of appeal. It is used as a shortcut to a judgment in a case where the defendant concedes liability.
(a) Acknowledgment of Satisfaction. When any judgment or decree is satisfied, the judgment creditor shall immediately file an acknowledgment of satisfaction.
- A final and executory judgment or order may be executed on motion within five (5) years from the date of its entry. After the lapse of such time, and before it is barred by the statute of limitations, a judgment may be enforced by action.
Judgments may be classified as in personam, in rem, or quasi in rem. An in personam, or personal, judgment, the type most commonly rendered by courts, imposes a personal liability or obligation upon a person or group to some other person or group.
How to Write a Letter of Customer Satisfaction? Step 1: Start with a Personalized Greeting. Step 2: Express Your Appreciation. Step 3: Explain the Purpose of the Letter. Step 4: Share Specific Details of the Customer's Experience. Step 5: Address Any Issues or Concerns. Step 6: Offer Solutions or Compensation.
CCJ stands for county court judgement and you can only get one if the lender takes you to court.
Letter of Satisfaction means a letter signed by the Purchaser confirming that the Purchaser is satisfied with the condition of the Section, as contemplated in 5.2.6; Sample 1Sample 2.