Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ara borrowed P1 million from Barry. The loan was secured by a mortgage of Ara's land in favor of Barry. Without the knowledge of Ara,

Ara borrowed P1 million from Barry. The loan was secured by a mortgage of Ara's land in favor of Barry. Without the knowledge of Ara, Clara paid Barrythe sum of P1 million for Ara's debt. Ara benefited to the amount of P1 million.

1. May Clara claim reimbursement from Ara?

2. If so, how much?

3. If Ara cannot pay, may Clara foreclose the mortgage on Ara's land?

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

Constitutional And Administrative Law

Authors: John Alder, Keith Syrett

11th Edition

1137606711, 978-1137606716

More Books

Students also viewed these Law questions