REVIEWER-LAW ON SALES

May 6, 2017 | Author: pcaipang | Category: N/A
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Description

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÷ ÷  ÷         ! "   # ##$  #    %" " #&  $   "#'# #  !%#  ( &# ! #&   (#!!#                            m ! ) %"        " #       $#m %&% ' '( '%) '% ''* '*) '*+ '( !  * ÷+%"       $       #  , $  ,    $    

      ( ,÷  -÷.÷/     (#'# !%#  0 %" 1  '# '   # %"   #$ 1  ## # "#!% 1  %#'# #& "   # %# 1" ! '   %#  (#'# !%# -    $$   . $   $                   

                         $#    Subject matter of conventional redemption           #   #/     pacto de retro                  

   m *)+****%*+*&    

 # $ #  Nature of conventional redemption  -       #          #        #  # $       -           

                  #     

       -          #   #   % -   $#    $

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' -        #        . # $    * -  #   #    $   $ $  + - $            

                         $ # m %+( &                                    #  #      $#  ( -  $       #                         $ m** !   $ 

      $  Option to buy and right of repurchase x           $ #  $    #. 

  #     $ #  $              x 0      #      $$                 $ #  $         #         #          #  ½ m      #      #  #   $  

           1      $                             2m*) ½ 1           #            #    #                    .      #                           #      

#        #/   ›ight to redeem and right of repurchase      #                           #     

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 3       #   #     #   !     #    #      4     $         #   m         5   #        m # ##  ! 

          

      #         )  "#"   %! #   2 !#$   #&  &##1 "3  4  %" #&   1  # %"   25 ) 4  '# !  %##   # #15 * 4 %# # &  %# #&   # %" # !   %# #& !%# #   1 %#  "5 6 4  %"  &# !&  % #&  %" %"5 7 4  '#  !& # %   #   #5    # " 1  !  & &    # #&  %    "#  "  % ! #&   #  %&#!" #&  # ##   #&  &## "$  !# $ & # # & #  "'   '   # #1   "#   1"   8" #   1  ÷2 # -                  .     # #       #               #/        #  

   #      Mhe ³pacto de retro´ problem                    # $   $     #   

          Pacto de retro and mortgage 6  7  0      0  

  #         #    #/         #/                 $             

               #        -                      $    

 

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#      -                                  #   #  

 #         

 Subsequent sale of property by vendor a retro       $      

       8    

       

    #.    #  $  

       $        $9            9        Y         

                                        # 

#  !             ##    - .               .                     $  

     #          #     àntention to execute mortgage may be fairly inferred m     #                       

 #                       2   '  m *) #   $                          m         #   .  #                  $                    $          $                                   $ .         

            #/  $9    m            $        .  #   1 

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         $ #  $  #      *  " #& #$  "#" %%# #    1  # %"   "#   2 !#  6  %#'# #& " )  # %% #  "#" %%# #   #   Presumption in case of doubt    #     # # .  # $        m *)    #                   $  -            #           #                    m  *)     

 #   Effect where contract held as an equitable mortgage       #               .  #    # $  

          .     .  #     $    #           $ $

 $   #.                  #       $   

     #      $   5    #   5  #            #          #      

  m)&&  %                #                  #      

 #     ³Pacto de retro´ sales not favored 1         $      #                            #       $        .  #  #$ #   

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 7   " & #  " )  6$  %% '# ! 0 &#  &#!# #&  !  -&#!#     #   #                                    

  x -      #       

#               #          #    

#      x     #                & #  " $   " #&  % !$   &#  &#!   #&  "#" #    !$  %# "# "   #1'$  '# !  "   # %" 1 *   &#!  ! & 8! 1    "' "# #     "#" 1    1  # %"   & # "#'# !%#  # # %% 1  "#"  # # #&  1  #& %"  : $     $   $    

           x    #          

  $     -           $                      #   

#    -               $#     #                        #            # %                   )    $  )           -    $  $          $       )  

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 )5      #             $     9     

 #  

   -       $ #   .                      Phen article 1606, par.3, not applicable -    #        #

 #             $#    2  

$    #   

     Date from which period reckoned ;         m  *)*        #            #          ;       m  *)*    #                 /  #    !   /  #                  $ #   Effect of stipulation extending period of repurchase  m      -    #   #           #   #        $        #  #                     #$                     # )  !       $        ›eason for limiting period of redemption m             

      Validity of penal clause providing automatic termination of redemption period -                                 )    #  $            #        .  $   9  " #&  %#% $  "### #& #1%   '  ' #&  & #&  '# # "#!% 1  %#'# #& "   #  "#   - #& /#% 1#  8" #$ &  '#    

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üudicial order for recording of consolidation of ownership -     $$   $ 

           $9   #  $ # #           $ #   4   6   /      

 $   #                   #       #  .  #           $   # $                



   #    $      #  

       #     -  

  m  *)+    .       # $         

               #  $    #   $m       # $   $           #        /        # m  *)+          #                       Effect of failure to comply with the requirement  

 $    m  *)+     #       $    #  

4 6- 

       # m  *)+            Action to consolidate ownership        #         $     " # #  4,    $                    m *)+                 #            :  '# !   "#  ' %## 1#   ' &#!  '$ ' &   "# "#" # !# # '  ! #&   # %"$ 1# %8" #  %#'# #&  # 1    -# 1 1 %" #  %#           
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