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A loan agreement which provides that the debtor shall pay interest at the rate determined by the bank's branch manager. Is this valid? Explain. (a.)

A loan agreement which provides that the debtor shall pay interest at the rate determined by the bank's branch manager. Is this valid? Explain.

(a.) If your answer is no, what should be done to make it valid?

(b.) Assuming that you are the debtor, what are you going to do? What are your remedies?

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