Requisites for Valid Cancellation; Effect of Failure to Comply

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1. For a qualifying section 3 buyer, which combination is required for actual cancellation under section 3(b)?
2. Under section 4, what minimum grace period must be given where less than two years of installments were paid?
3. What is the next statutory step if a section 4 buyer still fails to pay when the grace period expires?
4. A section 3 buyer receives proper notarial notice. Forty days pass, but the seller has paid none of the cash surrender …
5. A covered buyer paid only one qualifying year. The seller completes section 4’s grace and notarial-notice requirements.…
6. A section 4 buyer defaults. On the first overdue day the seller sends a notarized cancellation notice announcing immedi…
7. After the earned section 3 grace has expired, a seller fully pays the required surrender value but sends only an ordina…
8. Compare cancellation under sections 3 and4 of RA 6552, assuming default and a covered transaction. Identify the paid-in…
9. A section 3 buyer receives compliant notice and waits more than thirty days, but the seller never pays the surrender va…
10. A section 4 seller argues that a notarized demand sent on the first default day permits immediate cancellation. Explain…
11. Section4’s minimum sixty-day grace runs from which event?
12. The statutory thirty-day cancellation interval under Sections3 and4 is measured from what?