Question
Please answer the following questions. Write your answers on a document with computation. Bold and double rule your final answer. Submit and upload it here.
Please answer the following questions. Write your answers on a document with computation. Bold and double rule your final answer. Submit and upload it here. No computation, no points.
A, B, C and D owe G and H for P40,000. Debtors share ratio is 3:2:2:3 while creditors share is 45% and 55%, respectively.
1. Assume solidary debtors and solidary creditors.
(a) How much may G collect from A?
(b) How much may G collect from B?
(c) How much may H collect from C?
(d) How much may H collect from D?
2. Assume joint debtors and solidary creditors.
(a) How much may G collect from C?
(b) Based on (a), how much may H collect from G for his share?
(c) How much may H collect from C?
(d) Based on (c), how much may G collect from H for his share?
3. Assume solidary debtors and joint creditors.
(a) How much may G collect from A?
(b) Based on (a), how much may A collect from B for refund?
(c) How much may H collect from C?
(d) Based on (c), how much may C collect from B for refund?
4. Assume joint debtors and joint creditor.
(a) How much may G collect from A?
(b) How much may G collect from B?
(c) How much may G collect from C?
(d) How much may G collect from D?
(e) How much may H collect from A?
(f) How much may H collect from B?
(g) How much may H collect from C?
(h) How much may H collect from D?
(i) If A is insolvent. How much can G compel B (total) to pay?
(j) If C is insolvent. How much can H compel D (total) to pay?
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