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Obligations and Contracts - Midterm Exam

The document discusses five scenarios related to obligations and contracts: 1) Albert agreed to import rice from Vietnam and deliver it to Jeremiah for PHP 1800 per sack, but a war blocked the typical route. Albert claims this extinguishes his obligation. 2) Geraldine owed Marjorie money from different dates, but only the earliest debt was due. Geraldine will pay this using her PHP 5000, triggering rules on payment application. 3) Perez owed Felix PHP 5000. Perez's friend Andrew offered to pay this without Perez's money. Felix refused payment from Andrew. 4) Regan was obligated to give Mary an iPhone 4, but gave an iPhone 6 instead. Mary refused this and the mayor said

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1K views

Obligations and Contracts - Midterm Exam

The document discusses five scenarios related to obligations and contracts: 1) Albert agreed to import rice from Vietnam and deliver it to Jeremiah for PHP 1800 per sack, but a war blocked the typical route. Albert claims this extinguishes his obligation. 2) Geraldine owed Marjorie money from different dates, but only the earliest debt was due. Geraldine will pay this using her PHP 5000, triggering rules on payment application. 3) Perez owed Felix PHP 5000. Perez's friend Andrew offered to pay this without Perez's money. Felix refused payment from Andrew. 4) Regan was obligated to give Mary an iPhone 4, but gave an iPhone 6 instead. Mary refused this and the mayor said

Uploaded by

edgezy07
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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OBLIGATIONS AND CONTRACTS

1. When is a thing considered as lost in the context of obligations and contracts?


2. Albert agreed to import rice from Vietnam and deliver it to Jeremiah. They also
agreed that Jeremiah will pay PHP 1800 pesos for each sack of rice deliver. They did
this after considering and computing the expenses and the distance between
Vietnam and the Philippines and all other expenses. After the execution of the
agreement, China declared war against the Philippines and blocked the South China
Sea.
The only way now from Vietnam to the Philippines is to go around the world by
passing through India then to Europe, the United States and across the Pacific to the
Philippines. With this development, Albert claims that his obligation to import rice
and to deliver it to Jeremiah has been extinguished. Is he correct? Explain.
3. Geraldine had several debts to Marjorie. The first debt is in the amount of Five
thousand pesos borrowed on January 1, 2016. The second is in the amount of Five
Thousand Pesos borrowed on February 1, 2016 and the third is in the amount of Five
Thousand Pesos which earns interest at a rate of One Percent per month. Only the
debt incurred on January 1, 2016 is due and Geraldine only have Five Thousand Pesos
in her hands. If she gives her money to Marjorie for the payment of her debt, will the
rule on application of payments be applied? Explain
4. Perez owes Felix PHP 5000. When Perez met his close friend Andrew, he informed the
latter about the debt. Being a good friend, Andrew offered to pay the debt. Since
Perez does not have any money, he consented to the payment of the debt by
Andrew. When Andrew went to Felix to pay the debt, Felix refused to accept the
payment since Andrew is a stranger to him. Does Felix have a right to refuse the
payment? Explain?
5. Regan is obliged to give an Iphone 4 to Mary. However, Regan have many Iphone 6 in
his possessions but does not have and Iphone 4 so he delivered and Iphone 6 instead
to Mary. The Iphone 6 is much better and more expensive than the Iphone 4. Upon
learning that Regan delivered and Iphone 6, Mary refused to accept it and demanded
an Iphone 4. Due to this dispute, they approached their mayor for advice. The Mayor
then advised them that Regan deliver an Iphone 6 to Mary and compel her to accept
it instead of an Iphone 4 since the former is better. Is the advice of the mayor legally
correct? Explain.
OBLIGATIONS AND CONTRACTS
1. When is a thing considered as lost in the context of obligations and contracts?
2. Albert agreed to import rice from Vietnam and deliver it to Jeremiah. They also
agreed that Jeremiah will pay PHP 1800 pesos for each sack of rice deliver. They did
this after considering and computing the expenses and the distance between
Vietnam and the Philippines and all other expenses. After the execution of the
agreement, China declared war against the Philippines and blocked the South China
Sea.
The only way now from Vietnam to the Philippines is to go around the world by
passing through India then to Europe, the United States and across the Pacific to the
Philippines. With this development, Albert claims that his obligation to import rice
and to deliver it to Jeremiah has been extinguished. Is he correct? Explain.
3. Geraldine had several debts to Marjorie. The first debt is in the amount of Five
thousand pesos borrowed on January 1, 2016. The second is in the amount of Five
Thousand Pesos borrowed on February 1, 2016 and the third is in the amount of Five
Thousand Pesos which earns interest at a rate of One Percent per month. Only the
debt incurred on January 1, 2016 is due and Geraldine only have Five Thousand Pesos
in her hands. If she gives her money to Marjorie for the payment of her debt, will the
rule on application of payments be applied? Explain
4. Perez owes Felix PHP 5000. When Perez met his close friend Andrew, he informed the
latter about the debt. Being a good friend, Andrew offered to pay the debt. Since

Perez does not have any money, he consented to the payment of the debt by
Andrew. When Andrew went to Felix to pay the debt, Felix refused to accept the
payment since Andrew is a stranger to him. Does Felix have a right to refuse the
payment? Explain?
5. Regan is obliged to give an Iphone 4 to Mary. However, Regan have many Iphone 6 in
his possessions but does not have and Iphone 4 so he delivered and Iphone 6 instead
to Mary. The Iphone 6 is much better and more expensive than the Iphone 4. Upon
learning that Regan delivered and Iphone 6, Mary refused to accept it and demanded
an Iphone 4. Due to this dispute, they approached their mayor for advice. The Mayor
then advised them that Regan deliver an Iphone 6 to Mary and compel her to accept
it instead of an Iphone 4 since the former is better. Is the advice of the mayor legally
correct? Explain.

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