X, Y & Z entered into a contract of loan with A obligating themselves solidarily to pay to A without need of demand on June 16. A condoned X's obligation; Y is insolvent. How much can A collect if the amount is ₱900,000.00?
A)The full amount because anyone of the solidary debtors can be required to pay.
B)₱300,000.00 because of the condonation and insolvency of two (2) of the solidary debtors.
C)₱600,000.00 by suing X & Z where Z will pay ₱300,000.00 plus ₱150,000.00 as his share in Y's obligation and where X will pay ₱150,000.l00 as his share in Y's obligation, but with a right of reimbursement.
D)₱900,000.00 chargeable against Z but with right of reimbursement.

Question

Quizplus · Accepted Answer

The condonation of X's obligation does not affect the liability of Y and Z. Since Y is insolvent, Z is liable for the entire amount of ₱900,000.00, but with a right of reimbursement from X for ₱150,000.00, which is X's share in Y's obligation.

X, Y & Z Entered into a Contract of Loan