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Q4. Alpha, Beta, and Charlie are obligated to pay Php6million to Juliet and Kilo in 30 days. On the due date none of the debtors
Q4. Alpha, Beta, and Charlie are obligated to pay Php6million to Juliet and Kilo in 30 days. On the due date none of the debtors were ready to pay. a. How much is the respective share of each debtor? Explain. (5 points) Answer: b. In this case, Alpha become insolvent. How does this affect the obligation of Beta and Charlie? Explain. (5 points) Answer: Q5. Bruce indebted to Clark for Php5million. Later on, Diana, Clark's sweetheart, demanded payment. Bruce paid in full. a. Is the payment to Diana valid? Explain. (5 points) Q5. Bruce indebted to Clark for Php5million. Later on, Diana, Clark's sweetheart, demanded payment. Bruce paid in full. a. Is the payment to Diana valid? Explain. (5 points) 3 Answer: b. What must Bruce do to extinguish his obligation to Clark? Explain. (5 points) Answer: Q6. Crystal is obligated to Diamond to give Php500,000.00 and her one-of-a-kind Hermes bag to pay off her debt. The obligation is due after 30 days. a. Before the due date, a storm destroyed Crystal's house, including all her property in it. What is the effect of such loss on the obligation? Explain. (5 points) Answer: b. Will your answer be the same if the storm happened after the due date, but before Crystal has complied with her obligations? Explain. (5 points) Answer: Q4. Alpha, Beta, and Charlie are obligated to pay Php6million to Juliet and Kilo in 30 days. On the due date none of the debtors were ready to pay. a. How much is the respective share of each debtor? Explain. (5 points) Answer: b. In this case, Alpha become insolvent. How does this affect the obligation of Beta and Charlie? Explain. (5 points) Answer: Q5. Bruce indebted to Clark for Php5million. Later on, Diana, Clark's sweetheart, demanded payment. Bruce paid in full. a. Is the payment to Diana valid? Explain. (5 points) Q5. Bruce indebted to Clark for Php5million. Later on, Diana, Clark's sweetheart, demanded payment. Bruce paid in full. a. Is the payment to Diana valid? Explain. (5 points) 3 Answer: b. What must Bruce do to extinguish his obligation to Clark? Explain. (5 points) Answer: Q6. Crystal is obligated to Diamond to give Php500,000.00 and her one-of-a-kind Hermes bag to pay off her debt. The obligation is due after 30 days. a. Before the due date, a storm destroyed Crystal's house, including all her property in it. What is the effect of such loss on the obligation? Explain. (5 points) Answer: b. Will your answer be the same if the storm happened after the due date, but before Crystal has complied with her obligations? Explain. (5 points)
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