Mr. Bee, who is a resort owner, entered into a contract of loan with Mr. Cee amounting to PHP500,000 to be paid on December 5, 2018. When the said date, came, Mr. Bee failed to pay. Is Mr. Bee already in legal delay? On December 15, 2018, still no payment was made, is Mr. Bee already in delay? Can Mr. Cee go to court to demand the fulfillment of the obligation? On December 28, 2018, Mr. Cee wrote a letter to Mr. Bee demanding the payment of PHP500,000. He also gave Mr. Bee 10 days to settle his due. However, after 10 days, Mr. Bee did not settle the loan