TRUE OR FALSE: Statement A: Rescission of the contract of sale involving a real estate is the proper remedy if the actual measurement of the said property lacks 10% of its declared... TRUE OR FALSE: Statement A: Rescission of the contract of sale involving a real estate is the proper remedy if the actual measurement of the said property lacks 10% of its declared area. Statement B: The period to avail of the right to repurchase is within four (4) years from the date of the contract in the absence of stipulation.
Understand the Problem
The question presents two statements related to real estate law: one regarding rescission of a contract of sale due to a discrepancy in property size, and another about the period to exercise the right of repurchase. We need to determine if each statement is true or false based on legal principles.
Answer
A: TRUE, B: FALSE
Statement A is TRUE. Statement B is FALSE.
Answer for screen readers
Statement A is TRUE. Statement B is FALSE.
More Information
Statement A: In real estate, if the actual measurement of a property lacks 10% of its declared area, rescission of the contract of sale is a proper remedy. Statement B: The period to avail of the right to repurchase is generally four years from the date of the contract, unless there's a specific stipulation altering this timeframe.
Tips
Be careful to read and understand each statement completely before deciding whether it is true or false.
Sources
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