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Andrew, a CPA, borrowed money P300,000 from Boyet payable on March 25, 2020. As security for the payment of his loan, Andrew constituted a mortgage
Andrew, a CPA, borrowed money P300,000 from Boyet payable on March 25, 2020. As security for the payment of his loan, Andrew constituted a mortgage on his residential house and lot in Boyet's favor. Fred, who is also a CPA and a good friend of Andrew, guaranteed and obligated himself to pay Boyet, in case Andrew fails to pay his loan at maturity.
- A) If Andrew fails to pay Boyet his loan on March 25, 2020, can Boyet compel Fred to pay?
- B) If Andew sells his residential house and lot to Diego, can Basilio foreclose the real estate mortgage?
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