Practice question
A covered real-property contract to sell permits cancellation without judicial action. Does that clause by itself dispense with the applicable Maceda Law protections?
- No; contractual extrajudicial cancellation remains subject to applicable statutory requirements
- Yes, every private clause prevails
- Yes, retained ownership eliminates all buyer rights
- Yes, no notice can ever be needed
- Yes, Section 7 applies only to completed deeds
Legal references
- RA6552, Sections3-7: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html
- State Investment Trust, Inc. v. Spouses Baculo, G.R. No.237934, June 10, 2024, MAIN decision: https://lawphil.net/judjuris/juri2024/jun2024/gr_237934_2024.html
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