Question
1. D borrowed from C P5,000. As security for the debt, D promised to give his diamond ring to C. a. What kind of contract
1. D borrowed from C P5,000. As security for the debt, D promised to give his diamond ring to C.
a. What kind of contract is necessary as regard the security?
b. Is the delivery of the ring to C necessary or not? Why?
c. Suppose D did not comply with his promise to deliver the ring to C, is the debt of D to C for P5,000 valid despite the non-compliance of the delivery of the ring to C? Why?
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Legal Environment of Business A Managerial Approach Theory to Practice
Authors: Sean Melvin, Enrique Guerra Pujol
3rd edition
1259686205, 978-1259686207
