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Blessy borrowed money from Cherry, an owner of a lending company, for her small neighborhood
bar business. It was stated in their contract that she will pay the money after six (6) months. When Blessy

returned the money on the due date, she was asked to pay an additional 6% interest. Is this valid? Support

your answer.​


Sagot :

Answer:

Explanation:

It is about partnership, partner contract. In this case Blessy is a good person and she followed the rules based in their contract that she will pay the money for six months. Legal way of payment, but when it comes to cherry I think she love’s money more than herself because adding additional payment and not following contract/rules in a legal way of accepting the payment from Blessy, on my opinion the law here in the Philippines is not yet the best law, because many politician still doing bad things like corruption, stealing money from the people. They focus only on their self not for the people who vote them to be good leader in our country.