1. (A) Explain the following terms: 1. Pure Obligations 2. Conditional Obligations 3. Divisible Obligations 4. Indivisible Obligations. (B) Give an example of each. 2. (A) Differentiate an alternative obligation from a facultative obligation. (B) Give an example of each. 3. A, B, and C owe X, Y and Z, P3000. (A) What kind of obligation would this be, if A, B and C are liable each for P1K or just one-third of the whole indebtedness? (B) What kind of obligation is it if anyone of them (A,B or C) could be made or held liable for the whole P3K indebtedness? 4. (A) What are obligations with a penal clause? (B) Give an example. 5. (A) Enumerate the causes for the extinguishment of an obligation. (B) Explain the meaning of each. 6. How does novation happen? 7. What is meant by: (A) Depreciation/Betterment (B) Subrogation 8. What is Application of Payments? How does it work? 9. What do these terms mean: (A) Remission (B) Compensation (C) Donation