Dave owed Cella P20,000.00. The debt is secured by a pledge of Dave's car. On due date, Cella phoned Dave informing the latter that he
Dave owed Cella P20,000.00. The debt is secured by a pledge of Dave's car. On due date, Cella phoned Dave informing the latter that he was condoning Dave's debt. Dave accepted Cella's condonation of the debt in the same telephone conversation. Is the obligation of Dave extinguished?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Authors: Marc Franklin, Robert Rabin, Michael Green, Mark Geistfeld, Nora Engstrom
11th Edition
164708489X, 978-1647084899
