Divina owes Cristina P 25,000 payable on August 31. Later, Divina forced Cristina to sign a promissory note for P 25,000 payable on December 25. If all the other requisites of compensation are present, are both debts extinguished? No, B’s consent was obtained by force. Yes, with the approval of the court. Yes, under legal compensation. Answer not given.

Divina owes Cristina P 25,000 payable on August 31. Later, Divina forced Cristina to sign a promissory note for P 25,000 payable on December 25. If all the other requisites of compensation are present, are both debts extinguished? No, B’s consent was obtained by force. Yes, with the approval of the court. Yes, under legal compensation. Answer not given.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 35P

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