Practice question
In a purported sale with right to repurchase, the apparent purchaser retains part of the stated purchase price for personal use. Which Article 1602 circumstance does this establish?
- The listed retention-of-purchase-price circumstance supporting the equitable-mortgage presumption.
- Automatic creation of a valid donation.
- Automatic transfer of every adjoining lot.
- The complete absence of any statutory indicator.
- A requirement that the apparent vendor surrender all defenses.
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Article 1602(4).
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