Question
D borrowed from C P5,000.As security for the debt, D promised to givehis Diamond ring to C. What kind of contract is necessary as regard
D borrowed from C P5,000.As security for the debt, D promised to givehis
Diamond ring to C.
What kind of contract is necessary as regard the security?
Is the delivery of the ring to C necessary or not?Why?
Suppose D did not comply with his promise to deliver the ring to C,is the debt of D to C for P5,000 valid despite the non-compliance of the delivery of the ring to C?Why?
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Business Law and the Legal Environment
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Patricia Sanchez Abril
8th edition
1337404667, 1337404662, 9781337404532, 1337404535, 978-1337736954
