When from among the choices available only one is possible, the obligation in effect ceases to be alternative. Because it would be beneficial to the creditor, the debtor is allowed to perform all the obligations which are set in the alternative. In reality, both the principal and substitute obligations in a facultative obligation are due. In facultative obligations, the right to choose is conferred to the creditor.

When from among the choices available only one is possible, the obligation in effect ceases to be alternative. Because it would be beneficial to the creditor, the debtor is allowed to perform all the obligations which are set in the alternative. In reality, both the principal and substitute obligations in a facultative obligation are due. In facultative obligations, the right to choose is conferred to the creditor.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 19DQ

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