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The Acknowledgement Letter For Partial Payment is a crucial document used in Malaysian business transactions when a debtor makes a payment that satisfies only a portion of their total debt obligation. This document becomes necessary when parties agree to a partial payment arrangement and need to formally document the transaction. Under Malaysian law, particularly the Contracts Act 1950 and the Limitation Act 1953, such acknowledgment serves multiple purposes: it confirms receipt of the partial payment, maintains the creditor's right to collect the remaining balance, and can reset the limitation period for debt collection. The document typically includes details of the original debt, the amount received, the outstanding balance, and any conditions or terms regarding future payments.

1. Letter Header: Date, recipient's name and address, reference numbers

2. Subject Line: Clear identification of the document as an acknowledgment of partial payment

3. Original Debt Reference: Details of the original debt, including date, amount, and reference numbers

4. Partial Payment Acknowledgment: Confirmation of the partial payment received, including amount and date

5. Remaining Balance Statement: Clear statement of the outstanding balance after the partial payment

6. Closing and Signature: Standard letter closing, signature block, and company details