Question
In Obligations and Contracts, if Mr. A is indebted to B for P200,000. P100K was secured by his race horse and the other P100k is
In Obligations and Contracts, if Mr. A is indebted to B for P200,000. P100K was secured by his race horse and the other P100k is secured by his cow. The agreement is that the obligation of A will be payable on December 25, 2023. However, today, February 6, 2023, a lightning frightened the horse and the horse ran, and did not notice that it was headed to the cliff and fell, causing a broken leg. Because of what happened to the horse, A was very mad that he hit the cow, causing the cow to likewise suffer a broken leg.
What will happen to the obligation of Mr. A?
What if the two animals die because of the incident, what will happen to the obligation of Mr. A?
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Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross
12th Edition
978-053847082, 1285834623, 9780538470810, 0538470828, 9781285834627, 053847081X , 978-1111929954
