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1. In tabular form provide the definition of the following modes of extinguishing obligations and give your own example of each mode. Example Mode Payment
1. In tabular form provide the definition of the following modes of extinguishing obligations and give your own example of each mode. Example Mode Payment or Performance Loss of thing Fulfillment of Resolutory Condition Definition (provide answer) My Example (provide answer) 1. Payment or Performance 2. Loss of the thing 3. Fulfillment of resolutory condition 4. Compensation 5. Condonation or remission of the debt 6. Confusion or merger of rights of the creditor and debtor 7. Novation 8. Annulment 9. Rescission 10. Prescription 2. Define the following Special forms of Payment: Application of payment Dation in Payment Payment by Cession Tender of Payment and Consignation 3. When are the special forms of payment resorted to? 4. What is the concept of substantial performance in good faith? 5. Can payment be effected by a third person? If so, what is the effect of payment made by a third person? 6. Where should payment in an obligation be made? 7. Differentiate the kinds of loss 8. What is Tender of Payment? Is this the same as payment? Is this the same as consignation? 9. What is the legal presumption in case a document evidencing indebtedness is voluntarily delivered? 10. Discuss the difference in the effect of a confusion in a joint obligation and confusion in a solidary obligation Site:_ - .https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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