g2 enumeration

Question 1

Give the 2 scope of PD 957

Answer 1

Subdivision lots
Condominium units

Question 2

Give the two laws that regulate subdivision and condominium sales

Answer 2

PD 957
Condominium Act / RA 4726

Question 3

Remedies of Vendor in Sale of Personal Property

Answer 3

Exact fulfillment of the obligation

Cancel the sale

Foreclose the chattel mortgage

Question 4

Scope and Coverage of Recto Law

Answer 4

Personal Property

Installment Sales

Question 5

Two types of properties NOT covered by Maceda Law

Answer 5

Industrial properties or Commercial properties
Sales financed through banks or other financial institutions

Question 6

Two key benefits of the Maceda Law to buyers

Answer 6

Protects installment buyers from unfair contract cancellations

Ensures buyers receive a fair refund of their payments

Question 7

2 Key provisions under Maceda Law

Answer 7

Rights of buyers who have paid at least 2 years

Rights of buyers who have paid less than 2 years