Question
21. A, B and C executed a promissory note worded as follows: We promise to pay X, Y and Z the sum of P90,000. (Sgd.)
21. A, B and C executed a promissory note worded as follows: "We promise to pay X, Y and Z the sum of P90,000." (Sgd.) A, B and C.*
(A) A is obliged to pay X, Y and Z P90,000
(B) A is obliged to pay X P30,000
(C) A is obliged to pay Z P60,000
(D) A is obliged to pay X and Z only but not Y
(E) A is obliged to pay X P10,000
Brief explanation will do. Thanks!
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
