Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. I will give you a brand new car on your 21st birthday Is this with a period or condition? Reason. 2. A will give

1. “I will give you a brand new car on your 21st birthday” Is this with a period or condition? 


Reason. 2. A will give B P10,000. May the court fix the duration of the period? Reason. 


3. X will give Y any one of the following specific things- a horse, a cow, or a pig. Before X can choose, the cow and pig were lost due to his fault. Before X delivers the horse, it was lost because of a fortuitous event. Is the obligation extinguished? Reason.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 the obligation is one with a period A period is defined as a happening that has to happen sooner or later at a date known beforehand or a time that ... 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

Step: 3

blur-text-image

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

Fundamentals of Corporate Finance

Authors: Richard Brealey, Stewart Myers, Alan Marcus

8th edition

77861620, 978-0077861629

Students also viewed these Business Communication questions

Question

Which 3 accounts can't be merged in the chart of accounts?

Answered: 1 week ago