A, B and C are solidary debtors who owe X and Y (solidary creditors) PHP600,000. As solidary debtors, each is liable to each creditor for the full amount. If debtor A pays creditor X in full, the obligation is extinguished. A has a right to reimbursement from debtors B and C. Creditor X must give creditor Y their agreed upon share.
MM owes PP delivery of a TV, laptop, or refrigerator. If the laptop is stolen before delivery through no fault of MM's, MM's obligation is extinguished due to fortuitous event and MM can choose another item to deliver. Even if the laptop was lost due to MM's fault,
A, B and C are solidary debtors who owe X and Y (solidary creditors) PHP600,000. As solidary debtors, each is liable to each creditor for the full amount. If debtor A pays creditor X in full, the obligation is extinguished. A has a right to reimbursement from debtors B and C. Creditor X must give creditor Y their agreed upon share.
MM owes PP delivery of a TV, laptop, or refrigerator. If the laptop is stolen before delivery through no fault of MM's, MM's obligation is extinguished due to fortuitous event and MM can choose another item to deliver. Even if the laptop was lost due to MM's fault,
A, B and C are solidary debtors who owe X and Y (solidary creditors) PHP600,000. As solidary debtors, each is liable to each creditor for the full amount. If debtor A pays creditor X in full, the obligation is extinguished. A has a right to reimbursement from debtors B and C. Creditor X must give creditor Y their agreed upon share.
MM owes PP delivery of a TV, laptop, or refrigerator. If the laptop is stolen before delivery through no fault of MM's, MM's obligation is extinguished due to fortuitous event and MM can choose another item to deliver. Even if the laptop was lost due to MM's fault,
A, B and C are solidary debtors to X and Y (solidary creditors) in the
amount of PhP600,000.00. 1. How much is the liability of each solidary debtor to each of the solidary creditor? Explain your answer. - The liability of each solidary debtor to each of the solidary creditor will be 600,000 pesos. Why? Because in solidary obligation, the creditors have the right to demand from of the debtors the full or entire compliance of the obligation, and any of the debtors may extinguished the obligation by fully paying the amount due which is the 600,000. 2. Assuming solidary debtor A paid solidary creditor X, what is the effect on the obligation? - The obligation will be extinguished if debtor A fully paid 600,000 pesos to creditor X because it is accordance to the law (Article 1215) since it’s a solidary obligation. What is the right acquired by solidary debtor A after complying with the obligation? - The right acquired by solidary debtor A after complying the obligation is the right to be reimburse. Debtor A may claim from the other debtors (B and C) their shares with interest (Article 1217). On the other hand, what is the obligation of solidary creditor X to the other creditor? - The obligation of solidary creditor X to solidary creditor Y is the duty to give Y his agreed amount of share in 600,000 pesos. EXPLAIN YOUR ANSWERS.
Problem: MM (debtor) binds himself to deliver to PP (creditor) a brand new 60 inch. Samsung t.v. set, or a Macbook Pro laptop, or a two-door Samsung refrigerator. Prior to the date of delivery, MM's Macbook Pro laptop was stolen. 1. What is the effect of the loss of the laptop to the obligation of MM? Explain your answer. - MM the debtor will not be liable because he has the right of choice to choose other prestations on what to deliver to PP the creditor. The obligation will also be extinguished due to fortuitous event. 2. What if the Macbook Pro laptop was lost due to the fault of MM, what is the effect on his obligation to PP? Explain your answer. - If the object was lost due to the fault of the debtor, MM is still not liable for that because he can still choose other objects to deliver other than the Macbook Pro since the debtor has the right of choice. If the creditor has the right of choice, the debtor will be liable for all the damages, and the creditor can still choose other objects he wants.
The 5 Elements of the Highly Effective Debt Collector: How to Become a Top Performing Debt Collector in Less Than 30 Days!!! the Powerful Training System for Developing Efficient, Effective & Top Performing Debt Collectors