Malaysia's Industrialization from 1950

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Reservation Agreement Letter

JCMER Construction Firm (Seller) hereby confirms receipt of Fifty Thousand Pesos (Php 50,000.00) as a free house and land reservation at Lot 06 Blk 05 Silver Land, Laloma Quezon City from Mr. Ronald D. Santos (buyer), a resident of Paglinawan St. Paranaque City, on July 15, 2005. The reservation is only valid for one (1) month. In the event that the seller is not able to fulfill his obligation. The buyer has the right to terminate this agreement and the booking fee is NOT REFUNDABLE. The total cost of the house and land in question is two million eight hundred thousand (2.8M). The seller has committed to pay 50% of the total cost, which is one million four hundred thousand (Php 1,400,000.00) on August 14, 2005 or before August 14, 2005, and the remaining 50% will be payable on January 30, 2006. . .

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