Practice question
A buyer received the compliant notarial cancellation notice only ten days ago although it was mailed forty days ago. All other requirements are assumed satisfied. Has the statutory thirty-day receipt interval elapsed?
- No; the stipulated receipt was only ten days ago
- Yes; mailing always equals receipt
- Yes; private preparation starts the interval
- Yes; a seller can choose any earlier date
- Yes; a broker can backdate receipt
Legal references
- RA6552: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html Sections3–5,7.
- Jestra Development v Pacifico GR167452 January30,2007 MAIN: https://lawphil.net/judjuris/juri2007/jan2007/gr_167452_2007.html Section4 sequential cancellation requirements.
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