FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rodi owes Vestre P8,000.00 with Francis as guarantor. Vestre owes Rodi P8,000.00. If Rodi and Vestre agreed to set-up compensation, what will happen to the

image text in transcribed
Rodi owes Vestre P8,000.00 with Francis as guarantor. Vestre owes Rodi P8,000.00. If Rodi and Vestre agreed to set-up compensation, what will happen to the obligation of Francis as guarantor? Explain. Your Answer: A guarantor may set up compensation as regards what the creditor may owe the principal debtor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Criminal Law Doctrine Application And Practice

Criminal Law Doctrine Application And Practice

Authors: Jens David Ohlin

3rd Edition

1543835120, 978-1543835120

More Books

Students also viewed these Law questions

Question

★★★★★
Kobel Co. has delivery equipment that cost $50,000 and has been depreciated $20,000. Instructions Record entries for the disposal under the following assumptions. (a) It was scrapped as having no...

Answered: 1 week ago

Question

★★★★★
1. How has an understanding of consumer behavior helped Groupon grow from 400 subscribers in Chicago in 2008 to 60 million subscribers in 40 countries today? 2. What is the Groupon Promise? How does...

Answered: 1 week ago

Question

★★★★★
A continuous random variable X has density function (i) Find the value of c. (ii) Obtain the distribution function of X. (iii) Calculate the probabilities P(X 2), P(X > 2.5), P(1.5 c(3x+1) f(x)= =...

Answered: 1 week ago

Question

★★★★★
The financial manager at Starbuck Industries is considering an investment that requires an initial outlay of $25,000 and is expected to result in cash inflows of $3,000 at the end of year 1, $6,000...

Answered: 1 week ago

Question

★★★★★
Wexpro, Incorporated, produces several products from processing 1 ton of clypton, o rare mineral. Material and processing costs total $63,000 per ton, one-fourth of which is allocated to product 15....

Answered: 1 week ago

Question

★★★★★
(C) Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) O O O C O O O KINGBIRD, INC. Bank Reconciliation $ O $ $ $ Prepare a bank reconciliation...

Answered: 1 week ago

Question

★★★★★
You are the CEO of Apple, whose iPhones are all assembled in China. President Trump publicly and privately asked you to move some of the production back to the United States. President Biden pushed...

Answered: 1 week ago

Question

★★★★★
Does the Tucson data-mining project inappropriately violate users' privacy, or is it an acceptable tradeoff to more intelligently combat terrorism? Explain your answer. 2.Were the local police...

Answered: 1 week ago

Question

★★★★★
The following Trial Balance was taken from the books of Tom Toy at 31 December 2012. Purchases/Sales Inventory 1.1.2012 Wages Loan - R Driscoll Cash Premises ms Dr Cr $ 57,341 80,340 4,173 10,650 242...

Answered: 1 week ago

Question

★★★★★
(11) The CPF Payable account has an opening balance of $5,600, and the amount due to the CPF Board is being paid on the last day of the month.

Answered: 1 week ago

Question

★★★★★
Tom learned to ask questions in math class, but he never learned to ask questions in English or history class. The problem is that "asking questions" did not demonstrate A Generality B Technology C...

Answered: 1 week ago

Question

★★★★★
Behaviour: What am I doing?

Answered: 1 week ago

Question

★★★★★
5. Imagine a situation where you were really annoyed by someone elses behaviour. Try to find the positive intention behind the behaviour.

Answered: 1 week ago

Question

★★★★★
3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

Answered: 1 week ago

Previous Question Next Question