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A Sold His House and Lot to B for ₱10M

Question 20

Multiple Choice

A sold his house and lot to B for ₱10M payable in 10 monthly installments. B paid ₱9M but failed to pay the last installment. What is the remedy of A?


A) Can file an action to declare the contract void.
B) Can file an action to rescind the contract.
C) Can file an action to enforce and collect the balance.
D) Can file an action to rescind.

Correct Answer:

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