TRUE if the Statement is LEGALLY CORRECT and FALSE if the Statement is LEGALLY WRONG

1. Legal redemption can be effected only against immovable property.

True

False

2. If a property has been petitioned, a former co-heir has the right of redemption.

True

False

3. The right of legal redemption is substantive.

True

False

4. In the absence of a written notification of the sale by the vendor of an urban land subject matter of legal redemption - the thirty (30) day period cannot be said to have even begun to run.

True

False

5. In legal redemption, co-owners are preferred over adjoining owners.

True

False

6. If the purchaser is a co-owner, there is no legal redemption.

True

False

7. The vendee is bound to accept delivery and to pay the price of the thing at the time and place stipulated in the contract.

True

False

8. The basic right of a buyer when the goods are delivered to him is to examine the goods.

True

False

9. When the buyer has not examined the goods prior to delivery, he is not deemed to have accepted the same until and unless he has had a reasonable opportunity to examine them.

True

False

10. If the buyer refuses without just cause to accept the delivery - title passes to him from the moment they are placed at his disposal, unless there is stipulation to the contrary.

True

False

11. If it is the duty of the seller to send the goods to the buyer - the delivery of the goods to the carrier by the seller constitutes as delivery to the buyer.

True

False

12. Should the vendor have reasonable grounds to fear the loss of immovable property sold and its price, he may immediately sue for the rescission of the sale.

True

False

13. There can be automatic rescission in the sale of both movable and immovable objects.

True

False

14. As a rule, the buyer of goods is bound to accept delivery thereof by installments.

True

False

15. If several persons, jointly and in the same contract, should sell an undivided immovable with a right of repurchase, none of them may exercise this right for more than his respective share.

True

False

16. The buyer a retro is entitled to be reimbursed for land taxes because these taxes are considered as expenses on the property.

True

False

17. If a buyer a retro retains the property although a redemption has been made, he shall be liable for damages such as rentals for the continued use of the property.

True

False

18. If a realty owner is delinquent in his payment of taxes on the real property, and it is sold he has the right to redeem said property.

True

False

19. A delinquent payer whose property is sold by the government is not entitled to recover the fruits that had accrued before the property is finally redeemed.

True

False

20. In a sale with pacto de recto, the inadequacy of the price cannot be considered as ground for rescinding contract.

True

False

21. There can be conventional redemption even if it was not stipulated in the contract of sale since the right to redeem is presumed from the provisions of law.

True

False

22. Bona fide tender of the redemption price of the consignation of the said price in court is essential in an action to redeem a parcel of land.

True

False

23. The provision on equitable mortgage is also applicable in a contract purporting to be an absolute sale.

True

False

24. A seller a retro has the right to redeem the property from persons other than the buyer a retro.

True

False

25. The creditors of the vendor cannot make use of the right of redemption against the vendee, until after they have exhausted the property of the vendor.

True

False