Philippine Bar review · Question

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

Multiple Choice Easy

Practice question

The statutory thirty-day cancellation interval under Sections3 and4 is measured from what?
  1. The buyer’s receipt of the compliant notice or demand
  2. The seller merely drafting it privately
  3. The seller thinking of cancellation
  4. The broker’s unrelated conversation
  5. The buyer first visiting the property years earlier

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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