Answer the following with legal basis: 1. Distinguish joint obligation from solidary obligation.

2. You were asked by your best friend to p repare a contract wherein your friend will fulfill his obligation, in favor of Peter, either by delivering his vintage Yamaha piano, or his Kawasaki motorcycle.

a. P r e pare the contract;

b. What kind of obligation is this?

3. Make a promissory note. Assume that Mr. X and Mr. Y, are jointly liable to pay Php1,000,000 to Mr. Q.

4. If you are the creditor of Mr. S and Mr. T, will you ask them to sign a promissory note indicating solidary liability or joint liability? Support your answer.