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Day101: Loan contract

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Day101: Loan contract
Day101: Loan contract

19-02-Unknown

On August 5, A, the legal representative of Company A, issued an IOU to his friend B, stating: "Company A has borrowed 10 million yuan from B today with a monthly interest rate of 1% to pay for the project from Company A to Company B." "According to the agreement between A and B, B directly beat the account of Company B with the borrowed money. The RMB 10 million transferred by B to the special account of Company B on August 6 arrived at the account of Company B on August 7. Which of the following statements is correct?

A. The loan contract is concluded between A and B

B. The loan contract was concluded on August 7

C. If the loan is not repaid when due, B only has the right to request Company A to repay it

D. If the loan is not repaid when due, B has the right to request Company A and Company B to bear joint and several liabilities for repayment

Day101: Loan contract