A sold his house and lot to B for P10M payable in 10 monthly installments. B paid P9M but failed to pay the last installment. What is the remedy of A?

Question

TuteeHUB · Accepted Answer

Can file an action to rescind.

TuteeHUB · Answer

Can file an action to declare the contract void;

TuteeHUB · Answer

Can file an action to rescind the contract;

TuteeHUB · Answer

Can file an action to enforce and collect the balance;

1.	A sold his house and lot to B for P10M payable in 10 monthly installments. B paid P9M but failed to pay the last installment. What is the remedy of A?
A.	Can file an action to declare the contract void;
B.	Can file an action to rescind the contract;
C.	Can file an action to enforce and collect the balance;
D.	Can file an action to rescind.
Answer» D. Can file an action to rescind.

A sold his house and lot to B for P10M payable in 10 monthly installments. B paid P9M but failed to pay the last installment. What is the remedy of A?

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