Law

Question 4 1 pts PROBLEM No.4: Tyson (a third person) tells Cotto (creditor that he (Tyson) will pay the debt of Donaire (debtor), to which Cotto agrees. a. Is Donaire released from his obligation? Why or why not? Support your answer with an article. b. Suppose Donaire proposed to Cotto that Tyson would substitute Donaire as the new debtor to which Cotto agreed. Is Donaire still liable to Cotto in case of insolvency of Tyson? Why or why not. Cite a provision to support your answer. Questions 1 pts PROBLEM No.5: Bridgetown is a stockholder of ABC Corp. He desires to sell his shares in ABC Corp. In view of a court suit that ABC Corp has filed against him for damages in the amount of P10 million, plus attorney's fees of P1 million as a result of statements published by Bridgetown which are allegedly defamatory because it was cakulated to injure and damage the corporation's reputation and goodwil The articles of incorporation of ABC Corp. provide for a right of first refusal in favor of the corporation. Accordingly. Bridgetown give written notice to the corporation of his offer to sell his shares of P 10 million. The response of ABC Corp. was an acceptance of the offer in the care of its rights of first refusal, offering for the purpose payment in form of compensation or set off against the amount of damages it is calming against him exclusive of the claim for attomersfees Bridgetown rejected the offer of the corporation in that compensation between the value of the shares and the amount of damages demanded by the corporation cannot eally take effect. I Bridgetown Correct? Give reason for your answer Question 6 1 pts PROBLEM No.6: Define Confusion or Merger of Rights and Identify its Requisites. Give one example or scenario of Confusion or Merger of Rights that extinguishes an obligation Edit View insert Format Tools Table 12tParagraph BI ALTH