Practice question
What earned grace rate does Section3(a) provide a qualified defaulting buyer?
- One month for every year of installment payments made
- One day for every ten years
- A fixed five days regardless of payments
- One year for each monthly payment
- No grace under any circumstances
Legal references
- RA6552: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html Section3(a)–(b).
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