Practice question
How often may a qualified buyer exercise section 3(a)’s earned-grace right?
- Unlimited times during every month.
- Only once during the buyer’s entire life, regardless of contracts.
- Only after the seller sells to someone else.
- Once in every five years of the contract’s life and extensions.
- Never after two years of installments.
Legal references
- https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html — RA 6552, sections 3–7.
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