Question:

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