May the creditor validly refuse acceptance of the payment of a judgment obligation made by the judgment debtor consisting of P50,000.00 in a certified check, such as a Cashier’s Check, and P13,130.00 in cash which the latter deposited with the Sheriff before the date of the scheduled public auction sale? Explain.

May the creditor validly refuse acceptance of the payment of a judgment obligation made by the judgment debtor consisting of P50,000.00 in a certified check, such as a Cashier’s Check, and P13,130.00 in cash which the latter deposited with the Sheriff before the date of the scheduled public auction sale? Explain.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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