If the buyer of a subdivision lot in a contract to sell under the Maceda Lawfails to pay after payment of at least two (2) years of installments, can he still pay the balance?
A) Yes, with additional interest he can pay the unpaid installments due with a grace period of one (1) month for every year of installment payments.
B) Yes, without additional interest he can pay the unpaid installments with a grace period of one (1) month for every year of installment payments.
C) Yes, provided that he pays additional amount of penalty.
D) Yes, provided that he pays the full amount of the price.
Correct Answer:
Verified
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