Practice question
An urban sliver was bought solely for speculation and is so small and situated that its major portion cannot be practically used within a reasonable time. Before its resale is perfected, a qualifying adjoining owner invokes Article1622. Assuming all requisites, which right is involved?
- Pre-emption at a reasonable price
- Redemption only after a completed resale, which has not yet occurred
- Automatic donation of the sliver
- A mortgage foreclosure right
- An option to set any arbitrary price
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1612–1615,1618,1620–1623.
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