Practice question
Under Section 3, how frequently may the statutory grace-period right be exercised?
- Once in every five years of the contract and its extensions
- Every month without restriction
- Only once in the buyer’s lifetime
- Every time a receipt is issued
- Only after twenty years
Legal references
- RA6552, Sections3-7: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html
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