GENERAL INSTRUCTIONS: Kindly answer the following questions. Please give your basis on why you come up on such answer.

1. Determine whether or not the following are considered fortuitous event. Explain.

a. Robbery

b. Carnapping

c. Asian Financial Crisis

d. Taal Volcano Eruption

e. Covid-19 Plague

2. What are the remedies of creditor to fully satisfy his claims under Art. 1177 of the Civil Code?

3. What are the requisites for a creditor to recover interest from the debtor?

4. What is usury? How did the Usury Law become inexistent?