Answered step by step
Verified Expert Solution
Question
1 Approved Answer
D obliged himself to pay C P500,000 on May 31, 2018, D paid C on May 31, 2017 believing that the obligation was already due
- D obliged himself to pay C P500,000 on May 31, 2018, D paid C on May 31, 2017 believing that the obligation was already due and demandable. How much may D recover from C on July 31, 2017?
The principal of P500,000 plus the legal interest for two months.
D cannot recover anything from C
Legal interest for two months
The principal of P500,000
- When both the principal obligation and the penal clause can be enforced
Cumulative penal clause
Alternative penal clause
Compensatory penal clause
Subsidiary penal clause
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