Practice question
Does RA 6552 Section 3 refer only to direct sales and never to financing of real estate on installments?
- No, it expressly refers to sale or financing in the qualifying real-estate installment category
- Yes, every financing arrangement is excluded
- Yes, if installments are monthly
- Only motor loans qualify
- Only cash lump-sum transactions qualify
Legal references
- RA 6552, Section 3: https://lawphil.net/statutes/repacts/ra1972/ra_6552_1972.html
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