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I. Write TRUE if the statement is accurate. If the statement is false , cite the reason/s . https://drive.google.com/file/d/1-RaRNCD8MyGBiq_zaqbhX9gdRI6O807/view?usp=drivesdk 1. Sending a letter by the
I. Write TRUE if the statement is accurate. If the statement is false , cite the reason/s . https://drive.google.com/file/d/1-RaRNCD8MyGBiq_zaqbhX9gdRI6O807/view?usp=drivesdk 1. Sending a letter by the vendee expressing the intention to pay without the accompanying payment is considered a valid tender of payment. 2.Consignation is not an available remedy for an unjust refusal to accept payment by the obligee, 3.In instances where no debt is due and owing, consignation is proper. 4. When the payment was accepted by the creditor , there is still need for consignation. 5.In an obligation to deliver a generic thing, the loss or destruction of anything of the same kind extinguishes the obligation. 6. In order for the obligation to be extinguished by reason of loss of the determinate thing, what is essential is that the loss be without the fault of the debtor. 7.To be exempt from liability by reason of fortuitous event, it is also essential that the debtor must be free from any participation in or aggravation of the injury to the creditor. 8. Remission is an act of liberality by which the creditor , who receives no price or equivalent thereof, releases the debtor from the obligation , either in whole or part, upon he latter's consent . 9.Remission oof debt is essentially gratuitous. 10. The remission of debt can be done either by way of an act inter vivos or an act mortis causa. 11. The remission of the principal debt does not result in the extinguishment of the accessory obligation/s. 12. Merger which takes place in the person of the principal debtor or creditor does not benefit the guarantors. 13. Confusion which takes place in the person of the guarantors extinguishes the obligation. 14. Any merger involving the persons of the guarantor and the principal creditor will result in the extinguishment of the accessory obligation and the principal obligation. 15. Compensation , be it legal or conventional, does not require confluence in the parties the characteristics of mutual debtors and creditors. 16. Unlike other modes of extinction of obligations, novation is a juridical act with a dual function /- it extinguishes an obligation and create a new one in lieu of the old. 17. Subrogation is another form of extinctive subjective novation which takes place when there is a change in the person of the creditor. 18. Conventional subrogation is that which takes place by agreement of the parties
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