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Q. |
Gody obtained a loan from Eusebio in the amount of PhP10,000.00 payable on June 30, 2005 plus 10% interest. On January 2, 2005, Gody won PhP100, 000.00 in a bingo game and he offered to pay PhP10,000.00 to Eusebio. Eusebio refused to accept the payment offered by Gody. Which of the following statements is correct? |
A. | Eusebio can be compelled to accept the payment offered by Gody because the amount being offered is complete. |
B. | Eusebio can be compelled to accept the payment being offered if the interest will be reduced. |
C. | Gody cannot compel Eusebio to accept the amount offered by him because the period for payment has not yet arriv |
Answer» C. Gody cannot compel Eusebio to accept the amount offered by him because the period for payment has not yet arriv |
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