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Who has the money and who can extend that loan

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Question: Jose needs to raise P5,000,000.00 by January 15, 2023. So, he authorized Mario to find someone who can lend him that amount. For his efforts, Jose promised to pay him 1% of that amount. Mario found Willy, who has the money and who can extend that loan. When Mario was scheduling their meeting to consummate the transaction, Jose begged off, saying that he no longer needs that money. Is Mario still entitled to what Jose promised him

 

 

Reference no: EM133592897

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