THE LAW OF OBLIGATION AND CONTRACTS (PHILIPPINES FOR ACCOUNTING)

Coverage:ExtinguishmentofObligationsparticularlyfromArticle1231to1302.

MostimportantprovisionsareArticle1232,1233,1235,1240,1241,1242,1245,1253,1262,1263,1265,1270,1271,1272,1275,1277,1278,1279,1282,1291,1297,1298,1299.

1.) Ifthe obligorhastheobligationtodeliverthisspecificthingbutitwaslostbeforeitsdeliverydue tofortuitousevent,is theobligation extinguishedoris there theresponsibility of theobligor?Explainthecompleterule..

2.) Isyouranswerthesameifthethinglostisgeneric?Explain.

3.) Whatwouldbe theeffectincase thethingtobedeliveredwasin thepossessionof theobligorwaslost,butwithoutanystorm,earthquake, calamities offortuitousevents?

4.) Differentiate the following:

a.NovationfromDatioInPayment

b.MergerfromCompensation.

ps: don copy-paste, use your own words in answering, and also use simple english words too.