Debbie offered her Ecosport white with plate number XYZ123 for sale to Gigi in the amount of Php 500, 000 payable for 12 months. Debbie and Gigi entered into a Conditional Deed of Sale of the vehicle on January 17 2022 which the former paid the first installment in the amount of Php 41, 666.66. It is agreed by the parties that monthly installments will accrue every 17th of the month. On February 16, 2022, Gigi demanded for the payment of the next monthly installment to Debbie. However, the latter merely ignored her. Eventually, on Feb 17, 2022, Debbie paid Gigi. On March 18, 2022, Gigi demanded again for the payment of the monthly installment to Debbie. However, Debbie informed Gigi that she can no longer pay her monthly installments because her rice business has been destroyed by a typhoon. Knowing what happened, Debbie and Gigi entered into another contract whereby Debbie agreed to surrender the Ecosport white with plate number XYZ123 to Gigi and both parties agreed that the previous payments made will be considered as rental payment only. Who is the Creditor and Debtor in this case?What is the obligation of Debbie and Gigi in the problem?Is Debbie in delay when Gigi demanded on February 16 2022?Can Debbie invoke fortuitous event in not paying her monthly installment?How does the contact between Debbie and Gigi terminated?

Debbie offered her Ecosport white with plate number XYZ123 for sale to Gigi in the amount of Php 500, 000 payable for 12 months. Debbie and Gigi entered into a Conditional Deed of Sale of the vehicle on January 17 2022 which the former paid the first installment in the amount of Php 41, 666.66. It is agreed by the parties that monthly installments will accrue every 17th of the month. On February 16, 2022, Gigi demanded for the payment of the next monthly installment to Debbie. However, the latter merely ignored her. Eventually, on Feb 17, 2022, Debbie paid Gigi. On March 18, 2022, Gigi demanded again for the payment of the monthly installment to Debbie. However, Debbie informed Gigi that she can no longer pay her monthly installments because her rice business has been destroyed by a typhoon. Knowing what happened, Debbie and Gigi entered into another contract whereby Debbie agreed to surrender the Ecosport white with plate number XYZ123 to Gigi and both parties agreed that the previous payments made will be considered as rental payment only. 10 points each Who is the Creditor and Debtor in this case? What is the obligation of Debbie and Gigi in the problem? Is Debbie in delay when Gigi demanded on February 16 2022? Can Debbie invoke fortuitous event in not paying her monthly installment? How does the contact between Debbie and Gigi terminated