Practice question
A purported sale with right to repurchase states an unusually inadequate price. Explain the statutory significance of that fact without declaring every low-price transaction conclusively a mortgage.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Article 1602(1).
Answer this question in flashcards to review your response and continue practicing.