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When you issued the said checks, you have given the assurance that
there are more than sufficient funds to cover the said amount, however, the
checks were returned dishonored. Please be informed that under the law,
failure of a borrower to settle outstanding obligation to the lender is
punishable by law.
Demand is hereby made for you to immediately settle the said amount
with my client within 15 days from receipt of this letter. Kindly coordinate
with the undersigned after compliance thereof. Otherwise we will be
compelled to file the necessary case against you in the proper court or tribunal.