Practice question
A buyer acquires a residential condominium apartment on installments through a qualifying financing arrangement. It is not an industrial lot, commercial building or the specified tenant-sale transaction. The seller says condominium units are categorically excluded. Which is correct?
- All condominiums are excluded
- The categorical claim is incorrect because residential condominium apartments are expressly included
- Only houses with gardens qualify
- Financing automatically defeats coverage
- The seller’s label alone controls
Legal references
- RA 6552, Section 3: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html
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