Note: Start the answer with yes or no 1. Andre owes Brian P100,000.00 Andre proposed to Brian
Question:
Note: Start the answer with yes or no
1. Andre owes Brian P100,000.00 Andre proposed to Brian that Chel will pay Andre's debt, and that Andre will be released from all liabilities. Brian and Chel agreed to the proposal. Later, when Brian tries to collect from Chel, he finds out that Chel is insolvent. It was proved that at the time of delegacion, Chel was already insolvent but this was not known to Andre. Neither was the insolvency of public knowledge. Brian files a cause of action against Andre on the ground that it was Andre who made the proposal, and for this reason, Andre guaranteed Chel's insolvency. Is Andre liable? Decide with reasons.
2. Andre leased his condo unit in favor of Brian. Brian subleased the property to Chel. Brian violated the conditions of lease, so Andre moved for the cancellation of the contract and the eviction of Brian. Chel objected because if the lease is cancelled, the sublease would naturally be affected. Will the objection of Chel prosper? Discuss.
3. Andre offered to buy Brian's laptop for P40,000.00. Brian said he was willing to sell it for P50,000.00. Andre turned away as he did not want to pay P50,000.00. Brian called him back and said he was willing to sell the laptop at P40,000.00. May Andre refuse to buy the laptop? Explain.
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker