10 Questions
If there is a stipulation in the contract, it will always control and can exceed ten (10) years.
False
Legal redemption (Retracto Legal) is the right to substitute oneself in the place of the original buyer under different terms.
False
In case of a prohibitive period in a contract, it should be included when calculating the time period for redemption.
False
A right to repurchase must be exercised within 15 years for it to remain valid.
False
In conventional redemption, if the prohibitive period lasts 5 years, the buyer can still exercise their right within 10 years from the sale date.
False
Loss of the thing in its entirety occurs when the object of the contract ceases to exist before delivery.
True
Partial loss at the time of perfection affects the validity of the contract.
True
The risk of loss shifts to the buyer after perfection but before delivery in most cases.
True
Time of perfection refers to the moment when a contract becomes legally binding and enforceable.
True
Loss of the thing in its entirety can be remedied by substituting it with an equivalent item before delivery.
False
Test your knowledge on the provisions of Article 1494 of the Civil Code regarding buyer's options in case of partial loss at the time of contract perfection. This quiz covers scenarios where specific goods have perished without the seller's knowledge.
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