Practice question
A perfected sale fixes the price at P600,000, and the buyer pays P60,000 as earnest money under Article 1482. No other adjustment is involved. What balance remains?
- P600,000
- P540,000
- P660,000
- Nothing
- P60,000
Legal references
- Civil Code Articles 1475, 1477 and 1482: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- Chavez v. Spouses Gopez, GR 242366, February 26, 2025, main decision: https://lawphil.net/judjuris/juri2025/feb2025/gr_242366_2025.html
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