Question
Georgie applies for a loan with Eazi Finance Co Ltd. Eazi Finance offer Georgie the money at 15% per annum interest. She accepts in writing
Georgie applies for a loan with Eazi Finance Co Ltd. Eazi Finance offer Georgie the money at 15% per annum interest. She accepts in writing by agreeing to the "terms" of the loan as set out by Eazi Finance and the loan is funded accordingly.
Select one:
a.
The consideration based on promise is not valid.
b.The contract is not valid. There seems to be missing elements.
c.The intention seems to be missing in the agreement.
d.The consideration will support the agreement as Eazi Finance has promised to lend money in exchange for the plaintiff's promise to repay the principal with interest.
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