Suppose the debtor executed a promissory note promising to pay his obligation to the creditor as soon as he has received funds derived from the sale of his property in a certain place, the condition is
Answer:
7,120,000
Step-by-step explanation:
8,000,000-5%=7,600,000
5%=400,000 Real-estate agent commission
8,000,000-6%=7,520,000
6%=480,000 Expense (BIR tax)
480,000+400,000=880,000
8,000,000-880,000=7,120,000
Explanation:
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