QuickHelper

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About QuickHelper

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Teaching Since: May 2017
Last Sign in: 352 Weeks Ago, 4 Days Ago
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Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Law Posted 21 Sep 2017 My Price 6.00

Upon the proposal of athird person

4. Upon the proposal of athird person, a new debtor substituted the originaldebtor without

the latter’s consent. The

creditor accepted the substitution.Later, however, the newdebtorbecame insolvent and defaulted in his obligation.

What is the effect ofthe new debtor’s

default upon the original debtor?

A. The original debtor is freed ofliability since novation took place andthis relieved him ofhis obligation.

B. The original debtor shall pay or perform theobligation with recourse to the new debtor.C. The original debtor remains liable since he gave no consent to the substitution.D. The original debtor shall payor perform 50% of the obligationto avoid unjust enrichmenton his part.

Answers

QuickHelper
(10)
Status NEW Posted 21 Sep 2017 05:09 PM My Price 6.00

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