Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A, B and C are indebted to X in the amount of P3,000. On due date, from whom may X collect the payment? I promise

  1. A, B and C are indebted to X in the amount of P3,000. On due date, from whom may X collect the payment?
  2. "I promise to pay X the sum of P10,000 Signed by: A and B". Is this joint or solidary obligation?
  3. "We promise to pay X P10,000 Signed by A and B". Is this joint or solidary obligation?
  4. X, Y and Z are the solidary creditors of A in the sumof P30,000. Y made a demand on A but the latter paid the whole amount to Z. Is the obligation extinguished?
  5. A , B and C are individually and collectively indebted to X in the sum of P300,000. Despite several demands, the debtors failed to pay. X sued B only for the whole amount. Is this proper?

The answers should be based on the Law of Contracts and Obligation in the Phillippines.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting in an Economic Context

Authors: Jamie Pratt

8th Edition

9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292

More Books

Students also viewed these Accounting questions

Question

Will you be able to pay your bills?

Answered: 1 week ago

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago