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Based on the details of the scenario, determine what will most likely occur. Melinda has a contract to pay 13% interest on a personal loan for 5 years. She decides the rate is unfair and files a complaint in court. Contract is valid Contract will be modified Contract is voided Contract is voided, subject to investigation

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Answer: Contract will be modified

Explanation:

Melinda has already gotten into the contract so going to the courts will not void it as she still has to perform her part of the contract.

The best the court can do is to modify the contract so that she no longer has to pay the exorbitant interest rates of 13% that she is paying. Even if there was to be an investigation, she still wouldn't get the contract voided because she still needs to fulfill her part so it will just be modified.

The contract will be modified.

Given that,

  • Melinda has a contract to pay 13% interest on a personal loan for 5 years.
  • She decides the rate is unfair and files a complaint in court.

Based on the information, the following things should be considered:

  • Since Melinda received the contract so here it is not a void contract because she have to perform her part.
  • Also, the contract should be modified due to this she is not able to pay  13%

Therefore, the contract should be modified.

Learn more: brainly.com/question/20421012

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