Philippine Bar review · Question

Practice question: Right of First Refusal

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Multiple Choice Easy

Practice question

Can payment schedule be material in comparing first-refusal terms?
  1. No; cash and long deferred payment are always identical.
  2. Only the seller’s favorite color matters.
  3. Yes; price is not the sole possible material sale term.
  4. Every schedule must be ignored.
  5. All first-refusal rights concern only rent.

Legal references

  • Civil Code Articles1306,1475,1482,1490-1492,1504,1522-1523 and1589-1590: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
  • Equatorial Realty v. Mayfair Theater, G.R.106063, November21,1996, EN BANC MAIN: https://lawphil.net/judjuris/juri1996/nov1996/gr_106063_1996.html

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