1. Juan, Pedro, Ana, Lorna, and Fe took out a solidary loan of PHP150,000. Ana condoned PHP100,000 of the debt to thank Juan and Pedro's family for their support after Ana's parents died.
2. This reduced Juan and Pedro's remaining debt to PHP50,000 while not affecting Lorna and Fe's obligations. Ana is responsible for paying Lorna and Fe their rightful shares of the condoned PHP100,000 debt.
3. The obligation between Juan, Pedro, Ana, Lorna, and Fe is a solidary one, meaning each is fully responsible for repayment and can be pursued for the entire amount if others default.
1. Juan, Pedro, Ana, Lorna, and Fe took out a solidary loan of PHP150,000. Ana condoned PHP100,000 of the debt to thank Juan and Pedro's family for their support after Ana's parents died.
2. This reduced Juan and Pedro's remaining debt to PHP50,000 while not affecting Lorna and Fe's obligations. Ana is responsible for paying Lorna and Fe their rightful shares of the condoned PHP100,000 debt.
3. The obligation between Juan, Pedro, Ana, Lorna, and Fe is a solidary one, meaning each is fully responsible for repayment and can be pursued for the entire amount if others default.
1. Juan, Pedro, Ana, Lorna, and Fe took out a solidary loan of PHP150,000. Ana condoned PHP100,000 of the debt to thank Juan and Pedro's family for their support after Ana's parents died.
2. This reduced Juan and Pedro's remaining debt to PHP50,000 while not affecting Lorna and Fe's obligations. Ana is responsible for paying Lorna and Fe their rightful shares of the condoned PHP100,000 debt.
3. The obligation between Juan, Pedro, Ana, Lorna, and Fe is a solidary one, meaning each is fully responsible for repayment and can be pursued for the entire amount if others default.
1. Juan, Pedro, Ana, Lorna, and Fe took out a solidary loan of PHP150,000. Ana condoned PHP100,000 of the debt to thank Juan and Pedro's family for their support after Ana's parents died.
2. This reduced Juan and Pedro's remaining debt to PHP50,000 while not affecting Lorna and Fe's obligations. Ana is responsible for paying Lorna and Fe their rightful shares of the condoned PHP100,000 debt.
3. The obligation between Juan, Pedro, Ana, Lorna, and Fe is a solidary one, meaning each is fully responsible for repayment and can be pursued for the entire amount if others default.
1. Juan and Pedro borrowed Php150,000 from Ana, Lorna, and Fe in solidum.
Eventually, Ana validly condones or disregards the debt in the amount of
Php100,000 as she feels indebted to Juan and Pedro for their parents’ benevolence when both of her parents died in an accident since Juan’s and Pedro’s parents provided moral and financial support to Ana after the tragedy.
a. What kind of obligation is involved in the problem?
In this case, it is a kind of solidary obligation that means each person
is responsible for the payment in full and must pay for the other person too if he or she does not honour the payment. b. What is the effect of Ana’s act of condoning the debt in the amount of Php100,000 with respect to Juan’s and Pedro’s debt? With respect to Lorna’s and Fe’s credit? in this case, Juan and Pedro also have an obligation to pay 50,000 to Ana, Lorna, and Fe, while Ana is responsible to give the exact share to Lorna and Fe. c. What kind of obligation is involved in the problem?
It is a kind of a Joint obligation because they both agreed in front of
Elizabeth to contribute the amount that will be used to buy the car. And the whole obligation is to be paid or fulfilled proportionately by the different debtors.