Will the death of the principal debtor convert, decrease or nullify the substantive right of the solidary creditor?
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- In your own opinion what would be the outcome or consequences if a debtor failed to settle thier account?State the rules in case of the thing to be delivered is lost with the debtor's fault or without his fault.In your own opinion, what would be the out come or consequences if a debtor failed to settle thier account?
- Suppose the obligation of the debtor is to do something and he fails to do it or performs it in contravention of the agreement, what are the the remedies available to the creditor?In case the debtor does not make the application of payment nor the creditor does not also state in which application of payment of payment is made, then application is made by operation of law. True FalseWhat are the different cases or instances under the New Civil Code whenthe debtor shall lose every right to make use of the term or period?
- It refers to the right of mortgagor to redeem the mortgaged property after his default of the performance of his obligation by paying the secured obligation in order to prevent the public sale of his mortgaged property. a. Equity of redemption b. Right of redemption c. Right of preemption d. Equity of preemptionState the rules in case the thing to be delivered deteriorates with the debtor's fault or without his fault.how to correct a Notification has been received that the outstanding balance on one of the debtors should be written off as the debtor is insolvent.
- What are the risks to the lender if a borrower declares bankruptcy?Which of the following is accurate regarding a real estate foreclosure transaction? A A foreclosure transaction can never involve recourse debt. B A foreclosure transaction can never involve nonrecoursedebt. C A foreclosure transaction has no federal income taxconsequences for the borrower. D A foreclosure transaction can have significant federalincome tax consequences for the borrower.