Loan Agreement Default Case

Summary

The Defendant borrowed P500.00 from the Plaintiff with a 30% interest rate, repayable by April 4, 2026. The Defendant defaulted for two months. Under the duplum rule, the maximum recoverable amount is P845.00. The Plaintiff seeks repayment of this amount.

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edit it on the one i sent you
It looks like you want the correction integrated into the original text. Here's the revised version with the correction applied:
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On the 18th of March *, the parties entered into a written loan agreement under which the Defendant borrowed P500.* from the Plaintiff at an interest rate of *%. The loan was disbursed to the Defendant on the same date and was payable in full before the 4th of April *. The Defendant failed to repay the loan when due. Applying the duplum rule (which limits recoverable interest to an amount not exceeding twice the principal), the maximum recoverable amount on the P500.* principal is P845.*. The Defendant has defaulted on payment of that sum, and the Plaintiff therefore seeks repayment of P845.*.
The form showing that the Plaintiff indeed loaned the Defendant an amount of P500.* is attached as annexure “A.” The debtor defaulted for two months.
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Let me know if anything else needs adjustment!