Question: WORKSHEET#9 Explain your answer. 1.x Corp. operates a credit card system. One of the 0 requirements for the issuance of the card is that an

WORKSHEET#9 Explain your answer. 1.x Corp. operates a credit card system.

WORKSHEET#9 Explain your answer. 1.x Corp. operates a credit card system. One of the 0 requirements for the issuance of the card is that an applicant should have a co-maker (surety). Karla applied for a regular card with x Corp. He got as co-maker (surety) his own sister-in-Iaw, Lyca. Thus, Karlo signed the printed application form and Lyca signed the Surety (co-maker) undertaking. Thereafter, x Corp. issued to Karlo Card No. 14344. He used this card and incurred credit charged plus appropriate interest and service charges in the aggregate amount of Php150,000.00. He defaulted payment of his obligation. x Corp. demanded from Lyca to pay said obligation. . Can X Corp. legally demand from Lyca the payment of the said obligation? If so, how much can x Corp. demand from Lyca? In case Lyca will pay the said obligation, what is the remedy available for her against Karlo

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