A, B, C, D are the co-owners of a parcel of land. A sold his undivided share to X with the knowledge of his co-owners. One (1) year after the sale, they wanted to exercise the right of legal redemption, but A and X refused. Whose contention is correct?
A) They are not entitled to exercise the right of legal redemption because the 30-day period has already lapsed as they knew of the sale.
B) They can exercise the right of legal redemption within 20-days from receipt of written notice of the sale.
C) They cannot exercise the right of legal redemption because knowledge of the sale is not equivalent to registration hence, the 30-day period has already lapsed.
D) They cannot exercise the right of legal redemption due to estoppel.
Correct Answer:
Verified
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