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Question VI
(A) Would it be legally significant - from the point of view of validity and enforceability - if the loan and the mortgages were in public or private instruments?
(B) Lito's failure to pay led to the extra-judicial foreclosure of the mortgaged real property. Within a year from foreclosure, Lito tendered a manager's check to Ferdie to redeem the property. Ferdie refused to accept payment on the ground that he wanted payment in cash: the check does not qualify as legal tender and does not include the interest payment. Is Ferdie's refusal justified?
(a)(A) Would it be legally significant - from the point of view of validity and enforceability - if the loan and the mortgages were in public or private instruments?
(B) Lito's failure to pay led to the extra-judicial foreclosure of the mortgaged real property. Within a year from foreclosure, Lito tendered a manager's check to Ferdie to redeem the property. Ferdie refused to accept payment on the ground that he wanted payment in cash: the check does not qualify as legal tender and does not include the interest payment. Is Ferdie's refusal justified?
(b)Was Homer justified in refusing to accept the tobacco leaves?
(c)Can Gary compel Isaac to pay his loan even before the end of the two-year period?
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