Can I read Obligations and Liability in Civil Law on EtoBox?

Obligations and Liability in Civil Law by Sarah Cadiogan is a document available to read on EtoBox.

What is Obligations and Liability in Civil Law about?

A executed a promissory note for P10,000 payable to B in two years and secured by a mortgage on a building valued at P20,000. One year later, the mortgaged building was destroyed by accidental fire. B demands immediate payment without waiting for the two years. A loses the benefit of the term because the security disappeared through a fortuitous event according to Article 1198 of the Civil Code.

Author

Sarah Cadiogan

Language

EN