Question: Answer the following situations. 1. D borrowed P20,000 from C payable on or before August 30. Before the arrival of the due date, C agreed

Answer the following situations.

1. D borrowed P20,000 from C payable on or before August 30. Before the arrival of the due date, C agreed to the promise of D to pay C if D wants. Can C insist that D pay not later than August 30?

2. Suppose in the same problem, D obliges himself to pay C P10,000 after C has paid his obligation to T. Is the obligation valid?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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!

If Xi,i = 1, 2, 3, are independent exponential random variables with rates i , i = 1, 2, 3, find (a) P{X1 < X2 < X3}, (b) P{X1 < X2| max(X1, X2, X3) = X3}, (c) E[max Xi|X1 < X2 < X3], (d) E[max Xi].

One of Natalie's friends, Curtis Lesperance, runs a coffee shop where he sells specialty coffees and prepares and sells muffins and cookies. He is eager to buy one of Natalie's fine European mixers,...

Please answer me page 51 to page 56 on the attachment. is a multiple choice questions. Thank you FAC1502/101/3/2016 Tutorial letter 101/3/2016 Financial accounting concepts, principles and procedures...

11. The maker, by making the instrument, has the following liabilities, except: a. The engagement to pay the instrument according to its tenor b. The admission of the existence of the payee c. The...

the questions are indicated on the picture Instruction: Explain or state briefly the rule or reason for your answer. 1. D (debtor) borrowed P20,000 fromC (creditor) payable on or before August 30....

11i16i21, 8:12 PM Homework Assignment 3 - Ch 2-Phuong Ha Student: Phuong Ha Instructor: Suzanna Karam Singh Assignment: Homework Assignment 3 - Date: 11/16/21 Course: ACCT1036 (3) Ch 2 1. Your...

Chapter 3 - Different Kinds of Obligations Section 1. - Pure and Conditional Obligations The answers must all be based on the Civil Code of the Philippines and on The Law on Obligations and Contracts...

1. (Points: 1) The primary purpose of hiring a public accounting firm to examine the financial statements of the company is a. to assure no fraud has been committed by the company's management b. to...

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Cather Corporation has made and recorded its quarterly income tax payments. After a final review of taxes for the year, the company identifies an additional $30,000 of income tax expense that should...

You have a factory with 40 production machines that are essentially identical, each producing at a mean daily rate of 90 products with a standard deviation of 35. You may assume that they produce...

Hafnaoui Company reported pretax net income from continuing operations of $800,000 and taxable income of $500,000. The book-tax difference of $300,000 was due to a $200,000 favorable temporary...

Select income statement data for Bukasy Company for two recent year ended December 31 are as follow: 20Y2 20Y1 Sales $2,200,000 $200,000 Cost of goods sold 1,337,500 1,250,000 Gross profit $862,500...

A truck loaded with sand accelerates along a highway. The driving force on the truck remains constant. What happens to the acceleration of the truck if its trailer leaks sand at a constant rate...

If three vectors with magnitude 30, 40, 50 are added together, which of the following cannot represent the magnitude of the resultant? a.0 b. 30 c. 50 d. 150 e. None of a, b, c and d

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

The fear of making a fool of oneself

4. Develop circular models, with positive and negative feedback loops, for the following situations: (a) In a poor third-world country, the population increase has been very large in the last ten...

Annoyance about a statement that has been made by somebody