Installment Sale Default Remedies

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Acts No. 4122: Installment Sale Default Remedies

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Title Source: Supreme Court: Installment Sale Default Remedies

Law: Acts No. 4122

Decision Date: Dec 9, 1933

Act No. 4122 is an amendment to the Civil Code of the Philippines that allows sellers to cancel sales or foreclose mortgages if buyers fail to make installment payments, while also preventing sellers from pursuing unpaid balances after foreclosure.

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