Practice question
Is Section4’s sixty-day grace stated as a maximum beyond which the parties cannot protect the buyer?
- No; the statute says not less than sixty days
- Yes; any longer period is always void
- Yes; the seller must cancel on day sixty
- Yes; grace cannot be extended by agreement
- Yes; the buyer must surrender on day sixty regardless of payment
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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