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If there is a stipulation in the contract, it will always control and can exceed ten (10) years.
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.
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.
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.
A right to repurchase must be exercised within 15 years for it to remain valid.
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In conventional redemption, if the prohibitive period lasts 5 years, the buyer can still exercise their right within 10 years from the sale date.
In conventional redemption, if the prohibitive period lasts 5 years, the buyer can still exercise their right within 10 years from the sale date.
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Loss of the thing in its entirety occurs when the object of the contract ceases to exist before delivery.
Loss of the thing in its entirety occurs when the object of the contract ceases to exist before delivery.
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Partial loss at the time of perfection affects the validity of the contract.
Partial loss at the time of perfection affects the validity of the contract.
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The risk of loss shifts to the buyer after perfection but before delivery in most cases.
The risk of loss shifts to the buyer after perfection but before delivery in most cases.
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Time of perfection refers to the moment when a contract becomes legally binding and enforceable.
Time of perfection refers to the moment when a contract becomes legally binding and enforceable.
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Loss of the thing in its entirety can be remedied by substituting it with an equivalent item before delivery.
Loss of the thing in its entirety can be remedied by substituting it with an equivalent item before delivery.
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