Question
LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES FOR ACCOUNTING) COVERAGE MIGHT BE:KindsofObligationsparticularlyfromArticle1207to1230. MostimportantprovisionsareArticle1207,1208,1213,1214, 1216,1217, 1219,1220,1223,1226and1227. RogerandJoselent moneytoArnold,BennyandArmandinonesingletransactionin theamountofP 100,000.00.Discussthe lawastohow theloanbecollected(by twocreditors) andbepaid(bythreedebtors). Youdigestthemeaningoftheprovisions providedinArticles1207and1208.AretheseArticlesinharmonyorcontradictoryfromeachother?Explainbasedonyourownunderstanding. IllustrateatransactionwhereinthereisREMISSIONoftheobligation.
LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES FOR ACCOUNTING)
COVERAGE MIGHT BE:KindsofObligationsparticularlyfromArticle1207to1230.
MostimportantprovisionsareArticle1207,1208,1213,1214, 1216,1217, 1219,1220,1223,1226and1227.
- RogerandJoselent moneytoArnold,BennyandArmandinonesingletransactionin theamountofP 100,000.00.Discussthe lawastohow theloanbecollected(by twocreditors) andbepaid(bythreedebtors).
- Youdigestthemeaningoftheprovisions providedinArticles1207and1208.AretheseArticlesinharmonyorcontradictoryfromeachother?Explainbasedonyourownunderstanding.
- IllustrateatransactionwhereinthereisREMISSIONoftheobligation.
DOn t COPY-PASTE USE YOUR OWN WORDS IN ANSWERING AND ALSO USE SIMPLE ENGLISH WORDS.
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Dynamic Business Law
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs
6th Edition
1260733971, 978-1260733976
