Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Xyrel owes Yeda the amount of P20,000 due on January 15, 2020. In turn, Yeda owes Xyrel P10,000 due on January 20, 2020 and P5,000

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Xyrel owes Yeda the amount of P20,000 due on January 15, 2020. In turn, Yeda owes Xyrel P10,000 due on January 20, 2020 and P5,000 due on January 26, 2020. Yeda also owes Zukistan the amount of P20,000 due on January 20, 2020. On January 20, 2020, Yeda cannot pay Zukistan so he assigned to the latter her credit of P20,000 against Xyrel without the knowledge of Xyrel. On January 26, 2020, Zukistan tries to collect from Xyrel the amount of P20,000. How much can Zukistan comel Xyrel to pay? * #15,000.00 #20,000.00 O #10,000.00 O P5,000.00Bimby, a minor, entered into a donation contract with his yayo, Sarmie in 2010. Iska learned of his ward's unauthorized act. Until when can Iska file an action for annulment of the donation when the guardianship ceases in 2011? * 2015 2014 O 2020 O 2011James and Vince, in their regular course of business, both undertook a contract to deliver to Kath, who is currently in Carcar City, Province of Cebu, a particular yacht docked at Manila Yacht Club. Before James and Vince can effect delivery, the yacht was totally destroyed by a tornado that developed in the midst of Manila Bay. The contract between the parties provides that any fortuitous event will not exempt James and Vince from their obligation. Given the facts, which of the following statement is correct? * O Kath has no right to demand for damages O Kath can ask James and Vince indemnity for damages O No one shall be held liable for fortuitous event, thus, the stipulation between the parties is void O James and Vince can be compelled to pay damages since they are required to observe proper diligence of a good father of a familyXylene owed Yasmine the amount of P1,000,000.00 due on 01 December 2021. Xylene failed to pay Yasmine on due date. Yasmine sent a demand letter to Xylene giving her 5 days from receipt within which to pay. 2 days after, Xylene personally offered to pay Yasmine through a manager's check but the latter refused to accept the same. The 5-day period lapsed. Is the obligation of Xylene extinguished? * () No, since a manager's check is not considered legal tender in the Philippines. O Yes, since Yasmine's refusal of the manager's check, an accepted mode of payment which is presumed to be always funded, amounts to a satisfaction of the obligation. Yes, since Xylene tendered payment of the full amount due. O No, since tender of payment even in cash, if refused, will not discharge the obligation without proper consignation in court.Alfrendo bought Belinda's property through Cassy, an agent with a special power of attorney (SPA) to sell the property. When Alfrendo was ready to pay the agreed amount as scheduled, Belinda communicated, directing Alfrendo to pay directly to her. Upon learning what Belinda said to Alfrendo, Cassy (Belinda's agent), told Alfrendo to pay through her since she was authorized under the SPA and to protect her commission. Faced with two claimants, Alfrendo consigned the payment in court. Belinda protested the consignment claiming that it is ineffective since no tender of payment was made to her. Is Belinda correct? * [C Yes, since Alfrendo made no announcement of the tender. No. Consignation without tender of payment is allowed in view of the conflicting claims on the plaintiff. O Yes, as the owner of the property sold, Belinda can demand payment directly to herself. O No, tender of payment is required for a valid consignation

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

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

Macroeconomics

Authors: N. Gregory Mankiw, William M. Scarth

5th Canadian Edition

1464168504, 978-1464168505

Students also viewed these Law questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

What is quality of work life ?

Answered: 1 week ago