Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X owes Y P2,000,000 due on May 2; Y owes X P400,000 due also on May 2. On Jan. 4 (when there was no legal
X owes Y P2,000,000 due on May 2; Y owes X P400,000 due also on May 2. On Jan. 4 (when there was no legal compensation yet), Y assigned his P2,000,000 credit to Z, with the knowledge but without the consent of X. on May 2, how much Z can successfully collect from X?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started