The creditor has the right to the fruits of the thing from the time*1 pointthe fruits are actually deliveredthe obligations to deliver the fruits arisesthe thing is actually deliveredthe obligation to deliver the thing arises

The borrower in commodatum is entitled to fruits of the thing borrowed or loaned even without a stipulation to that effect1 pointTrueFalse

A _____________ is a person who receives benefits from the business immediately, but obligated to pay for the same in future.CreditorDebtorReceiverPayee

Consider the following statements below:       Statement 1: The creditor may bring the appropriate actions to protect and preserve his right only after the fulfillment of the condition.                                   Statement 2: The debtor may recover what he has paid if he believed by mistake that the condition has been fulfilled.1 pointOnly statement 2 is true.Only statement 1 is true.Both statements are false.Both statements are true.

The liability arising from the purchase of goods or services on credit is called:CreditorsAccounts payableLoanAccounts receivable

What does a creditor issues?a.Verbal Agreementb.Cashc.Promissory Noted.Bills of Exchange