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Annex A SURETY AGREEMENT FOR UPM College of - Return Service of The Students/Graduates

This document is a surety agreement for a UPM College student to guarantee their return service. The surety agrees to guarantee that the student (principal) will comply with the terms of their return service agreement, including reimbursing the college twice the amount of any expenses should the student fail to comply. The surety accepts solidary, direct and immediate liability for the student's obligations without need for the college to first pursue the student. The surety agrees to pay any amounts owed by the student on demand until the student fulfills their obligations under the return service agreement.

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Shara Lyn
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0% found this document useful (0 votes)
156 views2 pages

Annex A SURETY AGREEMENT FOR UPM College of - Return Service of The Students/Graduates

This document is a surety agreement for a UPM College student to guarantee their return service. The surety agrees to guarantee that the student (principal) will comply with the terms of their return service agreement, including reimbursing the college twice the amount of any expenses should the student fail to comply. The surety accepts solidary, direct and immediate liability for the student's obligations without need for the college to first pursue the student. The surety agrees to pay any amounts owed by the student on demand until the student fulfills their obligations under the return service agreement.

Uploaded by

Shara Lyn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ANNEX A

SURETY AGREEMENT FOR UPM College of ___________________


RETURN SERVICE OF THE STUDENTS/GRADUATES
This Agreement executed at ______(place)______________ on _____ (date)__________
by ________(name of surety)_____________________, Filipino, of legal age, singe/married to
_______________________ , with residence and postal address at
_____________________________________________, hereinafter referred to as "urety", in
fa!or of the "ni!ersity of the #hilippines $anila %ollege of ______________________, with
principal office at ________________ hereinafter referred to as "#$ %ollege of
__________________&
'()*)A, ______(name of student)_________________ (hereinafter referred to as
"#rincipal"), a student of the "#$ %ollege of _____________________, executed the attached
*eturned er!ice Agreement ("*A") with "#$ %ollege of _____________________ on
______(date of *A)________, to which this urety Agreement is appended as A++), "A"&
'()*)A, "#$ %ollege of ________________ re-uires that the due and faithful
performance of the pro!isions of the said *A be underwritten by a urety&
+.', T()*)F.*), for and in consideration of the foregoing, the undersigned urety,
/ointly and se!erally with the #rincipal, hereby guarantee and warrant to the "#$ %ollege of
________________ that the principal shall comply with and perform all the stipulations
contained in the *A, and that if for any reason the #rincipal fails to comply therewith, the
urety binds himself /ointly and se!erally with the #rincipal&
"To reimburse the "#$ %ollege of _____________ twice in full of such amount/s as it
may ha!e defrayed for the #rincipal0s tuition, go!ernment subsidy and scholarship, and all other
expenses incurred by the "#$ %ollege of _________________________& in connection with
and/or as an incident of the tudent0s admission to the "#$ %ollege of
_________________________ with interest at the pre!ailing legal rate at the time of the breach
of the foresaid *A1"
The liability of the urety under this Agreement shall be solidary, direct and immediate
and not contingent upon the enforcement by the "#$ %ollege of ____________________ of
whate!er remedies it may ha!e against the #rincipal, and the urety shall at anytime on demand,
pay to the "#$ %ollege of _________________ whate!er amount is owing from the #rincipal to
the "#$ %ollege of _____________ to the extent stated abo!e1
This instrument is intended to be a complete and free indemnity to the "#$ %ollege of
___________________ for any indebtedness or liability of the #rincipal arising from the *A1
2t shall be !alid and binding without further notice to the urety, until the #rincipal has complied
with all his/her obligations under the said *A1
Page 1 of 2
IN WITNESS WHEREOF, the urety has caused its authori3ed representati!e to set
his/her hand this _______(day) of ___________,45671

_______________________________ ____________________________
SURETY (Fate!" SPOUSE (Mote!"
______________________________
a#$/o! %egal G&a!$'a#
igned in the presence of8
____________________________________ ____________________________________
*epublic of the #hilippines)
%ity of $anila ) 11
AC(NOW%EDGMENT
9)F.*) $), a +otary #ublic for and in the %ity of $anila, #hilippines, personally appeared
_____________________
and ____________________________ who exhibited to me their competent proof of identities
indicated below8
+ame :o!ernment 2ssued 2; ;ate < #lace of 2ssue
________________________ _______________________ ________________________
________________________ _______________________ ________________________
________________________ _______________________ ________________________
and who =nown to me to be the same persons who executed the foregoing instrument and
ac=nowledged to me that the same is their free !oluntary act and deed and that of the institutions
they respecti!ely represent1
This instrument refers to the urety Agreement for "# %ollege of _________________ *eturn
er!ice of tudents/:raduate consisting of two (4) pages, including this page wherein this
Ac=nowledgment is written and signed by the parties and their instrumental witnesses1
'2T+) $> (A+; A+; +.TA*2A? )A?, on the date and place first mentioned1
+.TA*> #"9?2%
;oc1 +o ____
#age +o1 ___
9oo= +o1 ___
eries of 4567
Page 2 of 2

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