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1. |
X, Y & Z entered into a contract of loan with A obligating themselves solidarily to pay to A without need of demand on June 16. A condoned X s obligation; Y is insolvent. How much can A collect if the amount is P900,000.00? |
A. | The full amount because anyone of the solidary debtors can be required to pay. |
B. | P300,000.00 because of the condonation and insolvency of two (2) of the solidary debtors. |
C. | P600,000.00 by suing X & Z where Z will pay P300,000.00 plus P150,000.00 as his share in Y s obligation and where X will pay P150,000.l00 as his share in Y s obligation, but with a right of reimbursement. |
D. | P900,000.00 chargeable against Z but with right of reimbursement. |
Answer» D. P900,000.00 chargeable against Z but with right of reimbursement. | |