Proof of payment

Malaysia News News

Proof of payment
Malaysia Latest News,Malaysia Headlines
  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 55%

When property is alienated to the creditor in satisfaction of a debt in money it shall be considered as dation

Payment means the delivery of money, or the performance of an obligation .

“The debtor has the burden of showing with legal certainty that the obligation has been discharged by payment. Where the debtor introduces some evidence of payment, the burden of going forward with the evidence – as distinct from the general burden of proof – shifts to the creditor, who… [has to] produc[e] some evidence to show non-payment” .

“From the foregoing definitions, an invoice, in and by itself, and as opposed to a receipt, may not be considered evidence of payment. In addition, it does not mean that possession by a debtor of an invoice raises the presumption that it has already paid its obligation” . “Payment shall be made to the person in whose favor the obligation has been constituted, or his successor in interest, or any person authorized to receive it” .

“The payment of debts in money shall be made in the currency stipulated, and if it is not possible to deliver such currency, then in the currency which is legal tender in the Philippines.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Koronadal eyes microchip implants for dogs to combat rabiesKoronadal eyes microchip implants for dogs to combat rabiesKoronadal City Veterinary Office says microchips will be used to serve as tamper-proof identification data storage for the pets
Read more »

Filipino, Chilean scientists: Small islands, invasive species need research, policy attentionFilipino, Chilean scientists: Small islands, invasive species need research, policy attentionAmong the challenges affecting small islands' health and biodiversity is the rampant increase in the introduction of invasive alien species – may it be intentional or unintentional
Read more »

Koronadal eyes microchip implants for dogs to combat rabiesKoronadal eyes microchip implants for dogs to combat rabiesKoronadal City Veterinary Office says microchips will be used to serve as tamper-proof identification data storage for the pets
Read more »

Maggie Wilson asks influencers involved in alleged smear campaign to come forward to avoid rapsMaggie Wilson asks influencers involved in alleged smear campaign to come forward to avoid rapsTV host and model Maggie Wilson calls out content creators who allegedly accepted payment to join a disinformation campaign against her and her business on TikTok.
Read more »



Render Time: 2025-02-28 14:21:21