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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.

  1. RogerandJoselent moneytoArnold,BennyandArmandinonesingletransactionin theamountofP 100,000.00.Discussthe lawastohow theloanbecollected(by twocreditors) andbepaid(bythreedebtors).
  2. Youdigestthemeaningoftheprovisions providedinArticles1207and1208.AretheseArticlesinharmonyorcontradictoryfromeachother?Explainbasedonyourownunderstanding.
  3. IllustrateatransactionwhereinthereisREMISSIONoftheobligation.

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