Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. X, Y and Z bind themselves to pay W P30,000. Only X received the money per agreement between X, Y and Z. On the
1. X, Y and Z bind themselves to pay W P30,000. Only X received the money per agreement between X, Y and Z. On the due date of the obligation, has W the right to demand the full payment of P30,000 from Z alone?
2. X, Y and Z promised to pay W solidarily P30,000 on or before September 10 without the need of demand. On September 9, X paid the whole amount of P30,000 to W.
a. How much can X collect from Y and Z?
b. May X collect interest from Y and Z?
c. Suppose Z turns out to be insolvent, how much can X collect from Y?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started