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1.Analyze the following statements:

a)When there are two or more debtors and/or two or more creditors in one and the same obligation, the obligation is presumed to be solidary obligation.

b)A solidary debtor who obtains remission of the whole obligation is entitled to reimbursement from his co-debtors.

c)Joint obligation may exist although the creditors and debtors may not be bound in the same manner and by the same periods and conditions.

d)When an instrument containing the words "I promise to pay", is signed by two or more persons, they are deemed to have entered into a solidary obligation.

Identify which of the statement/s is/are correct. Discuss your answer.

2.On January 1, 2021, A obliged himself to give B a parcel of land on March 1, 2021 for 100,000. B paid the amount immediately.This parcel of land is being rented by C for PhP 10,000 per month. On March 1, 2021, B demanded to A to deliver the land to him. However, to date, A has not yet delivered the property. C already paid the rentals for April and May. Who is entitled to benefit from the rent? Discuss.

3.Do you agree that the enumeration below represents an "indeterminate thing"? Discuss your answer

a)A 2021 Violet Toyota Vioswith engine No. 007 and Plate No. PAW - 008

b)Apartment No. 12, Situated in Corner Rabiya Street and Amanda Stree, Mexico, Pampanga.

c)A black male horse with Tag Number WT56F with black and white ears, three 5cm front teeth, wide set mouth and two nostrils.

If a determinate thing is lost due to a 'fortuitous event' andthere was delay on the creditor, is the debtor liable? Discuss your answer.

4.Bob, Patrick, and Sandy borrowed money in the amount of PhP 300,000.00 from Krusty Lending company. Krusty Lending company owed Patrick PhP 100,000.00. Both debts are due.

a)If the Patrick sought your advice on whether he still need to pay PhP 300,000.00. What will be your recommendation?

b)Would you consider this obligation 'joint' or 'solidary'? Discuss your answer.

5.By way of illustration or example, discuss how an obligation is extinguished through consignation.

a)How is consignation different from dation in payment?

b)Is there a difference between modes of extinguishment of obligation by 'compensation' or 'payment'? Discuss your answer.