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Obre vs. Filinvest Land

PRISCILLA ZAFRA ORBE, PETITIONER, VS. FILINVEST LAND, INC., RESPONDENT.

G.R. No. 208185 | 2017-09-06

DECISION
 
LEONEN, J.:
 
When Republic Act No. 6552 or the Maceda Law speaks of paying "at least two years of installments" in order for the benefits under its Section 3[1] to become available, it refers to the buyer's payment of two (2) years' worth of the stipulated fractional, periodic payments due to the seller. When the buyer's payments fall short of the equivalent of two (2) years' worth of installments, the benefits that the buyer may avail of are limited to those under Section 4.[2]Should the buyer still fail to make payments within Section 4's grace period, the seller may cancel the...