Practice question
Does a condominium reservation arrangement necessarily become an installment contract to sell merely because the developer promised to issue one later?
- No; perfection of the actual sale or contract to sell must be established
- Yes, every promise is a completed sale
- Yes, even when essential terms remain unsettled
- Yes, payment always transfers title
- Yes, regardless of the parties’ agreement
Legal references
- Empire East Land Holdings, Inc. v. Bautista, G.R. No.272556, February 3, 2026, MAIN decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70374
Answer this question in flashcards to review your response and continue practicing.