Activity 4 Mode of Extinguishing Obligations Obligations and Contracts Instructions: 1. Please answer the questions below. 2.. Cite or indicate the source material where the answers were sourced (If textbook) or by providing the link (if online source material) for example: De Leon and De Leon Obligations and Contracts pages to https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Questions: 1. In tabular form provide the definition of the following modes of extinguishing obligations and give your own example of each mode. Example Mode Definition My Example Payment or Performance (provide answer) (provide answer) Loss of thing Fulfillment of Resolutory Condition 1. Payment or Performance 2. Loss of the thing 3. Fulfillment of resolutory condition 4. Compensation 5. Condonation or remission of the debt 6. Confusion or merger of rights of the creditor and debtor 7. Novation 8. Annulment 9. Rescission1t]. Prescription 2. Dene the following Special forms of Payment: in Application of payment :- Dation in Payment in Payment by Cession :- Tender of Payment and Consignation 5-0 When are the special forms of payment resorted to? What is the concept of substantial perfonnanoe in good faith? Can payment be effected by a third person? If so, what is the effect of payment made by a third person? Where should payment in an obligation be made? Differentiate the kinds of loss What is Tender of Payment? Is this the same as payment? Is this the same as consignation? 9. What is the legal presumption in case a document evidencing indebtedness is voluntarily delivered? 1D. Discuss the difference in the effect of a confusion in a joint obligation and confusion in a solidary obligation 5-an 533' 5374