A, B, and C owe D, E, and Fan amount of P900,000. When the obligation becomes due D may demand payment from A in the amount of P300,000. Is this true or false? How do you know if this is a joint or solidary obligation?
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- A , B and C bind themselves to pay D P30,000. Only A received the money as per agreement between A, B and C. On the due date of the obligation, has D the right to demand the full payment of P30,000 from C alone? C and D bind themselves to pay E their loan of 10,000 on a certain date. Is the obligation divisible or indivisible?D is indebted to C for P10,000 due on March 31, 2022. To secure the fulfillment thereof, D endorsed a negotiable promissory note executed by P for P15,000 due on January 31, 2022. In this case,a. The pledge is void since the promissory note would be due earlier than the obligation it secures.b. D will collect the P15,000 on January 31, 2022 and pay C with the proceeds of the collectionc. C may collect the proceeds of the note and apply the P15,000 for the payment of D’s obligationd. C may collect the proceeds of the note and applyP10,000 for the payment of D’s obligation and return the excess P5,000 to D.What if Jm owes Dean $1 million with Jericho as guarantor. The principal obligation is the debt of $1 million, while the accessory obligation is the guaranty of Jericho. What will be the remission of the debt of Jm by Dean?
- A, B and C are solidary debtors to X and Y (solidary creditors) in the amount of PhP600,000.00. 1. How much is the liability of each solidary debtor to each of the solidary creditor? Explain your answer. 2. Assuming solidary debtor A paid solidary creditor X, what is the effect on the obligation? What is the right acquired by solidary debtor A after complying with the obligation? On the other hand, what is the obligation of solidary creditor X to the other creditor? EXPLAIN YOUR ANSWERS.D is obliged to give C P50,000.00 with interest at 12% per annum on December 31, 2020 pursuant to a contract of loan. Question: What are the requisites of obligation? Discuss and apply your answers to the problem given above.Define the following: Condition Civil loss Reciprocal obligations Pure obligation Potestative condition Problems Explain or state briefly the rule or reason for your answer. 1. D (debtor) borrowed P20,000 from C (creditor) payable on or before August 30. Before the arrival of the due date, C agreed to the promise of B to pay C if B wants. Can C insist that B pay not later than August 30? 2. Suppose in the same problem, D obliges himself to pay C P10,000 after C has paid his obligation to T. Is the obligation valid? 3. S (seller) agreed to sell to B (buyer) a specific car for P200,000, delivery of the car and the payment of the price to be made on June 15. Suppose S delivered the car on June 15 but B failed to pay the price, what are the remedies of S? 4. S sold a parcel of land to B for P240,000 payable in installments of P20,000 a year. The land was delivered to B who obtained ownership thereof. After B had paid P200,000, he could no longer continuing paying in view of…
- A, B and C are solidary debtors of W and Y, solidary creditors for P 12,000 where the share of the debtors in the obligation is 2:3:5 while the share of the creditors is 1:2. If B is a minor, which of the following is correct? a. W can collect from C P8,400 b. Y can collect from C P8,000 c. W or Y can collect from C P12,000 d. The insolvency of A will be shouldered by B and C in proportion to their respective obligationsIf in the contract of sale, it is indicated that the car which normally costs P1Million pesos was bought for P20,000.00, the contract is rendered? A. Valid B. Invalid C. Unenforceable D. ObligatoryM issues a negotiable BOE payable to P or order for P10,000. P endorsed the instrument to A, then A to B, then B to C, then C to D. D presents the instrument to the drawee, but the drawee dishonored the instrument. Assuming that D approached C and invoked his warranty as an indorser, from whom can C seek recovery of amount paid to D? a. B, then A, then P, then M. b. M, P, A, B without any particular order c. M d. B
- Problem: A, B and C are solidary debtors to X and Y (solidary creditors) in the amount of PhP600,000.00. 1. How much is the liability of each solidary debtor to each of the solidary creditor? Explain your answer. 2. Assuming solidary debtor A paid solidary creditor X, what is the effect on the obligation? What is the right acquired by solidary debtor A after complying with the obligation? On the other hand, what is the obligation of solidary creditor X to the other creditor?A (debtor) is indebted to B (creditor) PhP300,000.00. X, a third party, offered to give B the PhP300,000.00, to which B agreed. B, however failed to disclose that there was a prior partial payment made by A in the amount of PhP100,000.00. X paid B the entire amount of PhP300,000.00 Questions: 1.] What is the effect of the payment made by X in so far as the obligation of A to B is concerned? 2.] Can X proceed against A and demand payment from the latter? If yes, how much can X collect from A? Explain your answer.A (debtor) is indebted to B (creditor) PhP300,000.00. X, a third party, offered to give B the PhP300,000.00, to which B agreed. B, however failed to disclose that there was a prior partial payment made by A in the amount of PhP100,000.00. X paid B the entire amount of PhP300,000.00 Questions: 1.] What is the effect of the payment made by X in so far as the obligation of A to B is concerned? 2.] Can X proceed against A and demand payment from the latter? If yes, how much can X collect from A? Explain