Question: 15. Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier's check for the full amount. Mr. Creditor refuses

 15. Mr. Debtor owes Mr. Creditor P100, 000. On the due

15. Mr. Debtor owes Mr. Creditor P100, 000. On the due date, Mr. Debtor delivers a cashier's check for the full amount. Mr. Creditor refuses to accept the check. a. Debtor may make a consignation by depositing the amount due with any bank and in the name of Mr. Creditor. b. Mr. Debtor may make a consignation by depositing the amount due at the disposal of judicial authorities before whom the tender of payment shall be proved in a proper case. c. Mr. Debtor has no legal basis for making a consignation. d. The creditor may be considered in mora accipiendi

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To answer this question step by step lets break down the situation legal concepts and potential outcomes Understanding the Situation Mr Debtor owes Mr Creditor P100000 On the due date Mr Debtor offers ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!