Question
1.Juan and Pedro borrowed Php150,000 from Ana, Lorna, and Fe in solidum . Eventually, Ana validly condones or disregards the debt in the amount of
1.Juan and Pedro borrowed Php150,000 from Ana, Lorna, and Fe in solidum. Eventually, Ana validly condones or disregards the debt in the amount of Php100,000 as she feels indebted to Juan and Pedro for their parents' benevolence when both of her parents died in an accident since Juan's and Pedro's parents provided moral and financial support to Ana after the tragedy.
a.What kind of obligation is involved in the problem?
b.What is the effect of Ana's act of condoning the debt in the amount of Php100,000 with respect to Juan's and Pedro's debt? With respect to Lorna's and Fe's credit?
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International Business Law And Its Environment
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge
10th Edition
1305972597, 978-1305972599
