Practice question
A qualifying real-estate buyer has paid only eighteen months of installments. The seller asserts that the law protects only buyers who paid two years, so this buyer receives no RA 6552 protection of any kind. Which is correct?
- Every benefit requires two full years without exception
- A shorter payment history makes the object personal property
- The contract is automatically void
- Section 4 separately addresses buyers who paid less than two years; failure to qualify for Section 3’s tier is not total exclusion from the Act
- Only buyers who paid nothing are protected
Legal references
- RA 6552, Sections 3-4: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html
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