1) A, B and C borrowed Php900,000 from X

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1) A, B and C borrowed Php900,000 from X. This debt is evidenced by a promissory

note wherein the three (3) bound themselves to pay the debt "jointly and/or severally".

However, according the promissory note, A can be compelled to pay only on January

18, 2020; B can be compelled to pay only on February 18, 2020; while C can be

 

compelled only when X passes the CPA Board Exam. On January 18, 2020, X made a

demand upon A the entire indebtedness.

a) Is X correct? If yes, why? If not, how much can X demand from A? why?

 

b) Can X also make demand from B and/or C? If yes, why? Or if not, why?

 

2) A, B and C are joint creditors of X and Y, solidary debtors in the amount of

Php100,000. How much can A, B and C collect from X? Why?

 

3) A, B, and C promised to pay X solidarily Php300,000 on or before September

07, 2020 without need of demand. On September 15, 2019, A paid the whole

Php300,000 to X.

 

(a) How much can A collect from B and C? Why?

 

(b) May A collect interest from B and C? Why?

 

(c) Suppose C turns out to be insolvent, how much can A collect from B? Why?

 

4) (a) A obliged himself to give B One Million Pesos if B will not marry

C before December 31, 2019. If by said date, B is not yet married, or on February 12,

2019, C died, when will the obligations of A arises? Why?

 

(b) Suppose before December 31, 2019, B became a Roman Catholic priest, is the

obligation of an effective on the date B entered the priesthood? Why?

 

5) D binds himself to give Php100,000 to C upon the death of the father of D. Is the

obligation of D conditional or one with a period? Why?