COUNTRY OF JURISDICTION: Philippines

1. Gross inadequacy of price does not affect a contract of sale, except?

a. The seller was forced to sell the thing.

b. The buyer was forced to buy the thing.

c. The seller rely on the price of the buyer.

d. The buyer rely on the price of the seller.

2. The sale with right to repurchase the property will be presumed equitable mortgage, when?

a. When the price of a sale with right to repurchase is unusually inadequate

b. When the vendee binds himself to pay the taxes on the thing sold

c. When the vendee took over the property

d. When the vendor does not want to deliver the property.