MCQOPTIONS
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| 1. |
A entered into a contract whereby he obligated himself to pay B on or before September in the form of Australian currency. When the obligation became due and demandable, A delivered to B Australian currency. Is A correct? |
| A. | B can refuse to accept the payment because the currency being offered is not legal tender in the Philippines. |
| B. | A is correct in offering Australian currency because of the contract. |
| C. | A is not correct because the stipulation to pay in Australian currency is void because it is contrary to law. |
| D. | A is not correct because the stipulation to pay in the form of another currency is void because it is contrary to public policy. (RA 8183) |
| Answer» C. A is not correct because the stipulation to pay in Australian currency is void because it is contrary to law. | |