Publication of affidavit of loss (posting at the office, at the barangay and city hall

To:    Ms. Nelia

Thru:   Mam Madel

SUBJECT;   WHY WE NEED TO PUBLISH THE AFFIDAVIT OF LOSS OF OR

Background:   

1.  Ms.MC has singlehandedly wrecked HGLUMP i;including our systems

    It should have helped us increase and accelerate our learning while we are

    cnesuring her

2.  For the loss of OR the making of affidavit and  its publication  is routinely 

     done as a form of defense vs the  customers who were given the fake

     receipt or whose flow of funds is to other illegal coffers

    1.  According to the law on agency, the corporation can not deny the

         action of its agent, ie receiving the money through an OR without

         the  money being remitted to the corporation.  The presumption is tjhat

         all agents are legit and the  corporation must practice diligence in the

         selection of its agents

   2.  The defense would be an affidavit of loss and its publication.

           1.  The affidavit dishonors the validity of the or issued;

           2.  However the non publication makes it binding only between 

                two parties, -  the public is excluded;

          3.  Its publication and evidenced by affidavit of publication serves

               notice to the whole world the fact of loss or OR

          4.  This affidavit of loss is routinely asked in affidavit of loss of CO

               DOS for our documents for the very same reason.  

         Without the publication the payor, ,the public has an excuse that he/she

          has no prior knowledge of the loss

        Without the publication, the principal fails to dishonor and renounce the agency

         The affidavit of loss would serve the following purposes:

        1.  To dishonor the agenecy of the erring individual

        2.   For BIR purposes - why did you not report?

        3.  As a warning to the public to avoid being scammed further

3.  That we are deferring its execution because we are seeking opinion as to whether it is right or wrong forfeits further our right to defend ourselves from

the  difficulty arising from difference between a private transaction and public

transaction

This office post hopes the opinion comes out soon so that we can muzzle and stop the continuance of misconduct of Ms. C

Let us effect the publication - soon

We may not be a lawyer but this practice was upon advice of other lawyers and long years of experience

 I hope this clarifies you doubts and makes you hesitate from complying