Question
On January 15, 2012, Andrew borrowed money from Solo in the amount of P1M due for payment on January 1, 2013 at 25% interest per
On January 15, 2012, Andrew borrowed money from Solo in the amount of P1M due for payment on January 1, 2013 at 25% interest per
annum. By end of October, 2012, Andrew suffered financial reverses so he went to visit his college best friend John. Andrew asked John if he could borrow from John without interest to pay his P1M debt with Solo which was to be due on January 15, 2013. John promised to help Andrew. Three days after he saw John, Andrew luckily won in the Bingo games at SM, and partially paid Solo the amount of P850,000. Unknown to Andrew, however, on the very day that he saw John, John immediately went to Solo and paid Andrew's debt in the amount of P1M plus the 25% interest due in the amount of P250,000. Can John later on recover from Andrew the entire P1,250,000 that he paid to Solo?
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