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Hello Tutors, Please help me answer the following questions. Please make the answers short but accurate (concise and precise), any help I will get will
Hello Tutors, Please help me answer the following questions. Please make the answers short but accurate (concise and precise), any help I will get will be very much appreciated, thank you!
Assignment - Week 5 1. (A) What is meant by mutual breach? (B) What is the effect of mutual breach on the obligations of each or both parties? 2. When does a debtor lose every right to make use of the period? 3. A borrowed P10K from B at 10 percent interest per year, payable on December 31, 2021. (A) Can A require B to accept payment before December 31, 2021? (B) Explain your answer. Assignment -Week 15 1 . (A) What are "Natural Obligations"? (B) Give examples. 2. A owes B P10K. A dies. X, a friend of A's, paid B the P10K indebtedness. B accepted the payment. (A) Was the payment valid? (B) What kind of obligation was this, civil obligation or natural obligation? 3. A found a wallet with P10K, which B lost. (A) Has B the right to recover the wallet and its contents from A? (B) If A returns the wallet to B, can A demand a reward from B for returning it? (C) Give an example of a natural obligation which could happen ensue, in light of the facts given in this hypothetical caseStep by Step Solution
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