The Smiths have just purchased a home in the St Catharines area. The purchase price was $500,000 and they had saved a substantial down payment but still fell short by $30,000. A friend, Laura Bond had recently won a sizable amount of money and knowing that her friends needed $30,000 in order to complete the purchase of their home, offered to lend them the money. A verbal agreement was made that required the money to be repaid in full within five (5) years.A couple of years have passed and the Smiths have not made any attempt to repay the money. Laura has made numerous requests and the final written request was submitted after more than two years without any attempt at repayment or acknowledgement by the Smiths. The letter was accompanied by a payment schedule. The Smiths did not respond. Laura does not want to resort to a lawsuit but needs the debt to be repaid.QUESTIONS (Part C)

1. What would you suggest Laura do?
2. If this was to proceed to court, how would you rule (as the judge) according to the law.