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November 28, 2022

Peter borrowed money from Maria to be paid within a certain period under the agreement that if Peter fails to pay at the expiration of the said period

Peter borrowed money from Maria to be paid within a certain period under the agreement that if Peter fails to pay at the expiration of the said period, the house and lot described in the contract would be considered sold for the amount of the loan. Peter failed to pay as promised. Maria brought a legal action for the delivery of the house and lot. If you were the Judge, will you sustain the legal action of Maria based on the contract between her and Peter? YES or NO. Argue your answer clearly. 200—250 words only.

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