Civil Law, 2015 Bar — Question XII-A

ESSAY

Iya and Betty owed Jun P500,000.00 for advancing their equity in a corporation they joined as incorporators. Iya and Betty bound themselves solidarily liable for the debt. Later, Iya and Jun became sweethearts so Jun condoned the debt of P500,000.00. May Iya demand from Betty P250,000.00 as her share in the debt? Explain with legal basis. (2%)

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