D obliged himself to give C, object No. 1 valued P15,000; or object No. 2 valued P10,000; or object 3 valued P5,000. All the objects were lost due to D’s fault in the order as stated.
D obliged himself to give C, object No. 1 valued P15,000; or object No. 2 valued P10,000; or object 3 valued P5,000. All the objects were lost due to D’s fault in the order as stated.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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D obliged himself to give C, object No. 1 valued P15,000; or object No. 2 valued P10,000; or object 3 valued P5,000. All the objects were lost due to D’s fault in the order as stated.
a. D’s obligation is extinguished.
b. D’s obligation is to pay the value of object No.1 plus damages
c. C’s right to demand the value of any of the objects plus damages.
d. D’s obligation is to pay the value of object No. 3 plus damages.
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