Hi hoping someone can help me with my law sub. Please proivde everything what is needed and put five to ten sentences each questions.

1.) Kara subscribed to 100 shares of stocks of D corporation with par value of of 100 pesos each paying 2,000 on his subscription. Subsequently, Karaasked Kayla, the president of the corporation to release him from his subscription. Kayla consented provided that Karaforfeits to the corporation what he already paid. Karaagreed and Kayla issued a certificate of release, Not long afterwards, the corporation became insolvent and a receiver was appointed. The receiver now seeks to collect from Kara. the balance of his unpaid subscription Can the receiver still collect from Vince,the subscriber ? Discuss and Justify answer, stating legal basis.