1. What are the requisites of a fortuitous event? 2. Juan is obliged to give Pedro a specific watch, a specific ring or at specific bracelet. The parties agreed that Pedro will have the right to choose the thing which will be given to him. Before Pedrocould make his choice, the watch and the ring are lost through Juan's fault, successively. What are Pedro's Rights? Explain. 3. Tito and Vic are indebted to Aida and Loma for P10,000.00. Tito and Vic share in the debt in the ratio of 1:3 while Aida and Loma share in the credit in the ratio of 2:3 How much may Aida collect from Tito? Explain.
1. What are the requisites of a fortuitous event? 2. Juan is obliged to give Pedro a specific watch, a specific ring or at specific bracelet. The parties agreed that Pedro will have the right to choose the thing which will be given to him. Before Pedrocould make his choice, the watch and the ring are lost through Juan's fault, successively. What are Pedro's Rights? Explain. 3. Tito and Vic are indebted to Aida and Loma for P10,000.00. Tito and Vic share in the debt in the ratio of 1:3 while Aida and Loma share in the credit in the ratio of 2:3 How much may Aida collect from Tito? Explain.
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 22DQ
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1. What are the requisites of a fortuitous event?
2. Juan is obliged to give Pedro a specific watch, a specific ring or at specific bracelet. The parties agreed that Pedro will have the right to choose the thing which will be given to him. Before Pedrocould make his choice, the watch and the ring are lost through Juan's fault, successively. What are Pedro's Rights? Explain.
3. Tito and Vic are indebted to Aida and Loma for P10,000.00. Tito and Vic share in the debt in the ratio of 1:3 while Aida and Loma share in the credit in the ratio of 2:3 How much may Aida collect from Tito? Explain.
4. Explain and Give an example of the following modes of extinguishing an obligation.
a. Confusion or merger
b. Tender of Payment:
C. Novation d. Compensation
5. A borrowed P30,000.00 from B to be paid on September 10, 2016, in exchange. for the loan, A surrendered his Iphone7 to B as security. On September 11, 2016, B demanded that A pay the P30,000.00 loan. Since A do not have enough money. he just told B that B can just have his Iphone7 as payment for his loan to which!
agreed. Is the contract extinguished? Explain.
6. A, B, C and D are the solidary debtors of X for 240,000. X released D from the payment of his share of P10,000. When the obligation became due and demandable, C turned out to be insolvent. Considering the said incidents, what are the liabilitites of A, B, C, and D?
7. Aida, Lorna and Fe borrowed money from Juan, Pedro and Mario P3,000.00.
Aida's obligation is due today, September 5, 2019, Lorna is a minor and Fe's obligation is due on September 10, 2019. Can Pedro alone proceed against Loma alone for the payment of the entire P3,000.00? Explain.
8. Define, Explain and give example of an option contract and explain its difference to
an ordinary contract.
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