Labing-isa, Julius Ceazar

BSBA MM 3-1P
Business Law
Lesson 2

Exercises: Situational questions. Every answer must be supported with a legal basis.

1. A, B, and C are the joint creditors of Y and Z who are solidary debtors in the amount of
P30,000.00. How much A, B, or C could collect from Y? (10 points)
a.
2. When the period is “on or before the date”, the debtor may perform his obligation even before
the period arrives. Why? (10 points)
a.
3. What is the difference between suspensive condition and resolutory condition? (10 points)
a.
4. A obliged himself to give B a determinate car upon the death of B’s father. What is the nature of
A’s obligation? (10 points)
a.
5. Refer to Qs No. 5, will your answer be the same if A will give B a determinate car if B’s father
died of Tubercolosis (TB)? (10 points)\
a.