On January 2, 1980, A and B entered into a contract whereby A sold to Ba parcel of land for P10,000 with the right to repurchase. Since they were friends, no period was agreed upon for the repurchase of the property. a. Until when must A exercise his right of repurchase? b. If A fails to redeem the property within the allowable period, what would you advise B to do for his better protection?

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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M4
On January 2, 1980, A and B entered into a contract
whereby A sold to Ba parcel of land for P10,000
with the right to repurchase. Since they were
friends, no period was agreed upon for the
repurchase of the property.
a. Until when must A exercise his right of
repurchase?
b. If A fails to redeem the property within the
allowable period, what would you advise B to do
for his better protection?
Transcribed Image Text:On January 2, 1980, A and B entered into a contract whereby A sold to Ba parcel of land for P10,000 with the right to repurchase. Since they were friends, no period was agreed upon for the repurchase of the property. a. Until when must A exercise his right of repurchase? b. If A fails to redeem the property within the allowable period, what would you advise B to do for his better protection?
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