Labing-isa, Julius Ceazar

BSBA MM 3-1P
Business Law
Lesson 3

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

1. How a valid payment is made to extinguish an obligation? (10 points)

a.
2. X is indebted to Y for Php1,000.00. X then alienated to Y his brand new bag as payment. Will this
alienation immediately takes effect of payment? (10 points)
a.
3. X obliges himself to give Y a particular car on January 5, 2020. However, the said car was totally
wrecked in an accident involving X on January 2, 2020. What is the implication of the total loss
of the car as to the obligation of X? (10 points)
a.
4. X is indebted to Y for Php1 Million. Y, being a good friend, informed X that he is condoning the
debt of X. Will this unilateral offer of condonation of Y immediately result in the extinguishment
of obligation of X? (10 points)
a.
5. Is death a mode of extinguishing obligation? (10 points)
a.