Please answer the following questions. Be responsive and make your answers brief and concise. Write your answers on a document, submit and upload it here.

1. Define the following terms and give the requisites, if any:

a. Loss of thing

b. Condonation or remission

c. Confusion or merger of rights

d. Compensation

e. Novation

2. What are the distinctions between confusion and compensation as modes for extinguishing an obligation?

3. Give the kinds of Novation according to subject and briefly explain each.

a. What are the kinds of personal novation?

b. What are the kinds of substitution?

4. Give the effects of merger when it takes place:

a. in the person of the principal debtor or creditor.

b. in the person of the guarantor of the principal obligation.