Question
Case Problem: Marian is indebted to Dingdong with P5 MILLION payable on or before January 30, 2021. Despite several demands made by Dingdong to Marian,
Case Problem: Marian is indebted to Dingdong with P5 MILLION payable on or before January 30, 2021. Despite several demands made by Dingdong to Marian, the latter could not pay and settle her debts as according to her this pandemic had caused a tremendous effect on her business and she could not pay her debts. However on January 15, 2021, Marian sold her investment lots located at Camela Homes Malolos, Bulacan worth P1 Million. Despite that Marian still owns several properties such as: a.House and lot at Madera Grove Subdivision here in Malolos Bulacan worth P1.2 million; b.Innova car- worth P1.8 million; c.Set of Jewelries worth P500,000.00; d.Karyl (debtor of Marian) owed her an unpayable debt worth- P500,000.00. use an apply the Article 1177 in this case.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started