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BLT REV MIDTERM EXAM 2023
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BLT REV MIDTERM EXAM MULTIPLE CHOICE 1. An act of liberality whereby a creditor condones the obligation of the debtor: a. Confusion b .Remission c. Compensation d. Novation ANS: B PTS: 1 2... . A, B, C, and D, owes E, F, G and H P40,000. How much E can collect from A if there is no agreement if their obligation is joint or solidary? a. P2,500 b. P40,000 c. P10,000 d. P5,000 ANS: A PTS: 1 3. In the preceding number, if A, B, C and D are joint debtors while E, F, G and H are solidary creditors, how much can E collect from A? a. P2,500 b P40,000 c. P10,000 d. P5,000 ANS: C PTS: 1 [Show More]
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