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Philippine Bar review · Question

Practice question: Rights Given to the Buyer on Installment

Multiple Choice Easy

Practice question

Within the properly earned Section3(a) grace, how may the buyer pay the unpaid installments due?
  1. Without additional interest under that provision
  2. Only with a mandatory double-interest charge
  3. Only after paying all future installments
  4. Only by surrendering title rights
  5. Only after another buyer is found

Legal references

  • RA6552: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html Section3(a)–(b).

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