Question
M obtained a loan of P50,000 from P. The loan is evidenced by promissory note executed by M with G signing as a guarantor of
M obtained a loan of P50,000 from P. The loan is evidenced by promissory note executed by M with G signing as a guarantor of the debt. P assigns the note to A, A to B, B to C, and C to G. Is the obligation of M to pay P extinguished? Why?
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Commentaries And Cases On The Law Of Business Organization
Authors: William T. Allen, Reinier Kraakman, Vikramaditya S. Khanna
6th Edition
1543815731, 978-1543815733
