Please refer to Civil Code of the Philippines (Obligations and Contracts) to answer the following. Kindly include specific article number where you based your answer.<\/p>
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X sold Y 100 sacks of rice that Y was to pick up from X's rice mill on a particular date. Y did not, however, appear on the agreed date to take delivery of the rice. After one week, X automatically rescinded the sale without notarial notice to Y. Is the rescission valid?<\/p>
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<\/p>", "transcribed_text": "", "related_book": { "title": "Money Banking and Financial Markets", "isbn": "1429244097, 978-1429244091", "edition": "2nd edition", "authors": "Laurence M. Ball", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/685.jpg", "uri": "\/textbooks\/money-banking-and-financial-markets-2nd-edition-685", "see_more_uri": "" }, "free_related_book": { "isbn": "0593643046", "uri": "\/textbooks\/pacey-packer-unicorn-tracker-2-horn-slayer-1st-edition-978-0593643044-113705", "name": "Pacey Packer Unicorn Tracker 2 Horn Slayer", "edition": "1st Edition" }, "question_posted": "2024-06-13 07:07:45", "see_more_questions_link": "\/study-help\/questions\/social-sciences-psychology-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/kramers-inc-sells-1000-common-shares-on-march-1-to", "description": "Kramers Inc. sells 1,000 common shares on March 1 to its employees at $25 per share. Kramers lends the money to the employees to buy the new shares. 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