Philippine Bar review · Question

Practice question: Requisites for Valid Cancellation; Effect of Failure to Comply

Multiple Choice Easy

Practice question

Section4’s minimum sixty-day grace runs from which event?
  1. The date the installment became due
  2. The date the seller later decides to sue
  3. The buyer’s birthday
  4. The original title’s issuance in every case
  5. The seller’s internal accounting review

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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