If the seller cancels the contract to sell under the Maceda Law, when will it take effect after receipt of notice of cancellation or demand for rescission by notarial act?
A)10 days
B)30 days
C)20 days
D)One (1) year

Question

Quizplus · Accepted Answer

Under the Maceda Law, the cancellation of a contract to sell due to the buyer's default will take effect 30 days after the receipt of the notice of cancellation or demand for rescission by notarial act.

If the Seller Cancels the Contract to Sell Under the Maceda