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20.Mr. Jonson Nketia, a 62 year old veteran politician, is approached by marketing officers of Womenzgold Co. Ltd to take a loan with interest of
20.Mr. Jonson Nketia, a 62 year old veteran politician, is approached by marketing officers of Womenzgold Co. Ltd to take a loan with interest of 2% interest per month. Mr. Nketia is not sure of taking the loan since to him the interest rate is high. He asks the marketing officers for some more time to consider the offer. The leader of the team then communicates the following "should I not hear from you in 7 days, Mr. Nketia, you are deemed to have accepted the offer". Mr. Nketia has still not made up his mind and is worried that he will be saddled with a liability under the loan after the 7 days expires. As a contract expert you have been consulted by Mr. Nketia to explain his rights in the matter. Give your reasoned opinion on the matter with decided case(s)
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