Obligations and Contracts

Assignment No. 3
(May 6-8, 2020/ 7pm)

I. Read and Study:

a) Concept of Novation
a.1) Requisition of Novation
b) Kinds of Novation
c) Forms of extinguishment
ll. Read and Study:
a) Novation by substitution of Debtor
a.1) Expromision
a.2) Delegacion
a.3) Requisites of the two or Distinctions;

b) Effect of non-payment by the new debtor in case of:

b.1) Expromision
b.2) Delegacion

c) Effect upon accessory obligation

lll. Rules in case the new and old obligations are void; (Read and Study)
a.1) Rule if old obligation is voidable
a.2) Rule if old obligation is conditional
IV. Read and Study:
a) Subrogation
a.1) Types of Subrogation
a.2) Distinction between Conventional and Legal Subrogation

V. Read and Study:

a) Effect of Total and Partial Subrogation
.
VI. Contracts:
a) Read and Study the General Provision
a.1) Articles 1305 to 1317 NCC
Obligations and Contracts
Assignment No. 3
(May 6-8, 2020/ 7pm)

VII. Read in full text the below cases.

MAKE YOUR OWN DIGEST, to be submitted on Friday (May 8, 2020)
before 7:00 PM. (LMS)
1. Quinto vs. People 305 SCRA 708 (April 14, 1999)
2. Peoples Bank and Trust Co. vs. Syvels Inc. 164 SCRA 247)
3. Spouses Francisco and Ruby Reyes vs. BPI Family Savings Bank Inc.
GR Nos. 149840 – 41 – March 31, 2006
4. Cruz vs. CA 293 SCRA 329 – July 27, 1998
5. CCC Insurance Corp. vs. Kawasaki Steel Corp and Metrocorp; June
22, 2015
6. Degaños vs. People; October 14, 2013
7. Food Fest Land Inc and Joy Foods Corp. vs. Siapno
GR No. 226088 – Feb. 27, 2019
8. Benedicto Yujuico vs. FEBTC (Now BPI) Substituted by Phil.
Investment One (SPV-AMC) Inc GR No. 186196 – Aug. 15, 2018