1. Under the law, the debtor must fulfill the obligation on the due date fixed by the parties. Thus, if a debtor promised to pay his loan on or before December 25, 2021, then the creditor has the right to demand payment when that date arrives. In the same vein, if the lessee agrees to pay the rent every 1st day of the month, then the lessor can ask for the payment once that date comes. However, at the onset of the pandemic in 2020, the government had ordered the suspension of payments of debtors and lessees even if their obligations are already due and demandable. What is the basis of the government's power to suspend these payments despite the due date agreed upon by the parties? Explain 2. Basically, the law of supply and demand determines the prices of goods, commodities, and services. Thus, as price increases people are willing to supply more and demand less, and when the price falls people are willing to demand more and supply less. However, during emergencies and calamities, like typhoons, earthquakes, wars, and pandemics what we are currently experiencing, the government can control the prices of goods, commodities, and services. What is the basis of the government's power to control the prices of goods, commodities, and services despite the law of supply and demand? Explain