2. Contractor BTT submitted its Progress Billing No. 4 to the Project's Owner. Under the contract as well as relevant applicable regulations, the Owner has 30 days within which to pay the Contractor said Progress Billing. The Owner was able to pay the Contractor 14 Calendar Days after the deadline. Give at least two (2) rights of the Contractor given this situation. Explain fully.
2. Contractor BTT submitted its Progress Billing No. 4 to the Project's Owner. Under the contract as well as relevant applicable regulations, the Owner has 30 days within which to pay the Contractor said Progress Billing. The Owner was able to pay the Contractor 14 Calendar Days after the deadline. Give at least two (2) rights of the Contractor given this situation. Explain fully.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
number 2
Transcribed Image Text:1. On October 31, 2019, Strongman Samson borrowed P100,000.00 from Pretty Delilah subject to
an interest rate of 6% per year until full payment. If Samson is able to pay both the principal
and the interest on March 10, 2020, how much should Samson prepare in order to satisfy his
agreement with Delilah?
2. Contractor BTT submitted its Progress Billing No. 4 to the Project's Owner. Under the contract as
well as relevant applicable regulations, the Owner has 30 days within which to pay the
Contractor said Progress Billing. The Owner was able to pay the Contractor 14 Calendar Days
after the deadline. Give at least two (2) rights of the Contractor given this situation. Explain fully.
3. Don Magellan borrowed today from Ginoong Magellan P300,000.00 and agreed to repay the
loan with 4 equal monthly amounts, the first payment to start 1 month from today. How much is
the value of the equal monthly payment? Construct an amortization schedule. Use interest rate
at 12 % compounded monthly.
4. Explain Fully the two kinds of Negotiable Instruments.
When Pepe issues a Cheque to Pilar, and the check bounces, why is it that Pilar could file a
Criminal Case against Pepe despite the Philippine Constitutional Provision which states, "No
person shall be imprisoned for non-payment of debt"?
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