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    Alternative Obligation

    GENERAL RULE The right to decide on belongs to the debtor/ obligor Except: When the right has been expressly granted to the creditor. Right of selection of debtor not absolute. LIMITATION ON THE DEBTOR’S CHOICE The debtor can’t select these prestations that are (a) inconceivable , (b) illegal ,or (c) which couldn’t have been the […] More

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    Benefit Obligation

    Module 1 1) What are the maturities on Intel’s Long-term debt? 2) What are Intel’s projected obligations on Long-Term Debt and Payments due by period? 3) What is the par or stated value of Intel’s preference shares? Par Value/Stated Value of Preferred Shares = $0.001 4) What is the par or stated value of Intel’s […] More

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    Extinguishment of Obligation

    SECTION 1. – Payment or Performance Art. 1232. Payment means not only the delivery of money but also the performance, in any other manner, of an obligation. (n) Art. 1233. A debt shall not be understood to have been paid unless the thing or service in which the obligation consists has been completely delivered or […] More