Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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. YOU
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.
YOU CAN SEARCH THRU INTERNET BUT, DO NT "COPY PASTE". USE YOUR OWN WORDS IN ANSWERING AND ALSO USE SIMPLE ENGLISH WORDS.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started