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Pedro borrowed money from Jose, payable on November 26, 2005. On the due date of the obligation, Pedro failed to pay. On December 30, 2005, Pedro paid the debt.

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Question:

Pedro borrowed money from Jose, payable on November 26, 2005. On the due date of the obligation, Pedro failed to pay. On December 30, 2005, Pedro paid the debt.

A.

Pedro is in default.

B.

Pedro is not in default.

C.

Pedro is liable for interest.

D.

Pedro is liable for damages.

Answer» b. Pedro is not in default.

Note: The above multiple-choice question is for all general and Competitive Exams in India.