Question: Dante borrowed Php230,000.00 from Christopher. As security for the payment of the debt, Dante pledged to Christopher a Harley Davidson valued at Php250,000.00. It was

Dante borrowed Php230,000.00 from Christopher. As security for the payment of the debt, Dante pledged to Christopher a Harley Davidson valued at Php250,000.00. It was expressly stipulated in the contract that if Dante cannot pay his debt when it matures, "the debt of Php230,000.00 shall be considered as full payment of the Harley Davidson without further action." Dante was unable to pay Christopher when the debt matured. Can Christopher now appropriate the Harley Davidson? Please explain your answer.

Suppose that in the above problem, the agreement is that in case of non-payment by Dante when the debt matures, "the debt shall be paid with the Harley Davidson given as security" would that make a difference in your answer? Please explain.

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!

I am a part of Team Chester. With the data, I will attach and the example (which we can't use) we were given can someone please help me analyze round four for my report, which should include the data...

***I have posted this question now six times. Each time I am told I need more information, I add something and no one returns to answer. Yesterday I posted everything and no one has responded; which...

With the data, I will attach and the example (which we can't use) we were given can someone please help, me analyze round four for my report, which includes the data as the example did below? We were...

***I have posted this question now five times. Each time I am told I need more information so I add something and no one returns back to answer; which means I have now wasted five questions. Can...

do not use regular expression text is below: 123456 12345 123456789 password iloveyou princess 1234567 rockyou 12345678 abc123 nicole daniel babygirl monkey lovely jessica 654321 michael ashley...

How are C++ heap-allocated objects deallocated?

Let A and B be two events on a sample space such that P(A) = 0.5, P(A B) = 0.75. Find the probability of the event B in each of the following cases: (i) A and B are disjoint events; (ii) A and B are...

The accounts and transactions of Conner McAllister, Counselor and Attorney at Law, follow. INSTRUCTIONS Analyze the transactions. Record each in the appropriate T accounts. Use plus and minus signs...

> Moving to another question will save this response Question 30 For the MARIE program below, what is the decimal output if the decimal input is 62 Input Store Num While, Load Num Subt I Add One...

Cylinder Company has two divisions, Glass Division and Instrument Division. For several years, Glass Division has manufactured a special glass container, which it sells to Instrument Division at the...

The distribution of X, the life of a transistor, in hours, is approximated by a triangular distribution as follows: (a) What is the value of a? (b) Find the expected value of the life of transistors....

oreducation.com / courses / 3 3 0 / modules / 8 6 9 / watch Here is the capital structure of Microsoft. What part of the $ 7 7 7 . 6 7 share price ( to the nearest dollar ) is represented by cash? $...

provide 3 examples how databases are helpful to run a business. Please keep your responses succinct and cogent.

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