Defaulting buyer's rights under the Maceda Law

By Persida Acosta

May 16, 2024 12:01 am

Dear PAO,

I agreed to buy an apartment unit, payable monthly for 10 years. I already paid one-and-a-half years' worth of installments. However, recently, I was unable to pay due to financial constraints. The developer threatened to cancel our contract immediately. Are they correct? I would like to know what my rights are under the law.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

What is parental and filial privilege in giving testimonies?

Application for naturalization can be refiled

Demurrer to evidence in criminal cases

Assessed value of realty involved that ordains which court shall acquire exclusive jurisdiction over real action

Adverse claim as remedy if landowner refuses to surrender certificate of title

Is one absolutely excused from liability if there is a fortuitous event?

Money muling activities penalized under RA 12010