Question 21 of 50 1 Point D Borrowed P30,000 from C. The debt is secured by the Guaranty of G1, G2 and G3. On the due date, D failed to pay because of insolvency. As a result G1 paid C 30,000. However, G3 is insolvent. How much may G1 demand from G2 as reimbursement? Select the correct response: O c. P10,000 d. nothing b. P15,000 O a. P30,000Question 28 of 50 1 Point P, the owner of a piece of land gave written authority to A to sell the land. The authority was not acknowledged before a notary public. The sale however was in public instrument. What is the status of sale? Select the correct response: O b. Valid and Enforceable d. Voidable c. Unenforceable O a. VoidQuestion 29 of 50 On July 'i, 2019 D borrowed a non-interest bearing loan of P100000 00 from C, The loan iS payable on July 1, 2020, On July 1, 2020 D paid C not only the principal of P100000 00, but a one-year interest of P6000 00 which he thought was due, Select the correct response: 0 b, D can recover only the interesl of P600000 0 a D can recover the principal of P100000 00 and the inlerest of P000000 0 d. D can recover the interest of P600000 plus the interest thereon from the time he made the payment. 0 c. 0 cannot recover any amount from C including the interest Since he is already estoppel Question 31 of 50 The following are modes of negotiation of a negotiable document of title: 1. Mere delivery Il. Indorsement in blank Ill. Indorsement to bearer IV. Indorsement to a specified person Select the correct response: O b. I, Ill and IV. O d. I, II, Ill and IV O c. I, ll and IV O a. I, ll and II.Question 32 of 50 Which of the following statement does not pertain to EARN EST MONEY? Select the correct response: 0 d. It is paid for a sale that is yet to be perfected. O h. It is proof of perfection of the contract of sale O c. It is given to the seller to bind the bargain. O a. It is a part of the purchase price