Questions
Article 1604.
Article 1605.
In cases referred to in Articles 1602 and 1604, the apparent vendor may ask for the.
annulment of the contract. (n)
Article 1606.
The right referred to in Article 1601, in the absence of contractual stipulation, the
last four years from the date of contract.
However, the vendor may still exercise the right to repurchase within thirty days
from the time final judgment was rendered in a civil action on the basis that the
contract was a true sale with right to repurchase.
Article 1607.
Article 1608.
The vendor may bring his action against every possessor whose right is derived
from the vendee, even if in the second contract no mention should have been made
of the right to repurchase, without prejudice to the provisions of the Mortgage Law
and the Land Registration law with respect to third persons. Is the article true?
(1510)
Set B. MCQ.
Article 1604.
A. Conditional sale
B. Absolute sale
C. Equitable mortgage
D. Pacto de retro sale
Article 1605.
The vendor, in cases under Articles 1602 and 1604,may ask for?
Article 1606.
Statement 2: Should there be an agreement, the period cannot exceed then years.
Statement 3: However, the vendor may still exercise the right to repurchase within
thirty days from the judgment was rendered in a civil action on the basis that the
contract was a true sale
A. Generic thing, which is the property subject of the sale, the law does not
distinguish what kind of property it should be recorded
B. Personal property because in Article 1616 the vendor has to return thing
which Article 1607 refers to
C. Specific thing because this is a contract of sale. The property subject of the
sale must be specific under the Civil Code
D. Real Property because the law speaks of record in the Registry of Property
without judicial order
Article 1608.
Statement 1: The vendor may bring his action against every possessor whose right
is derived from the sale.
Statement 2: Even if the contract has no mention should have been made of the right
to repurchase.
Statement 3: Without prejudice to the provisions of the Mortgage Law and the Land
Registration Law with respect to third persons.