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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

After an apparent vendor's repurchase period expires, the parties execute another instrument granting a new redemption period. The apparent buyer argues that this renewal can never indicate a security transaction. Under Article 1602, which conclusion is correct?

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Any renewal conclusively proves a donation. The apparent buyer becomes owner of all the vendor's property. The described post-expiration grant is a listed circumstance supporting the equitable-mortgage presumption. The new instrument is legally irrelevant under every circumstance.

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