In pacto de retro sale or sale with a right to repurchase of an immovable property, what is the default period of redemption by the pacto de retro seller if the redemption period is not stated in the contract of pacto de retro sale?

In pacto de retro sale or sale with a right to repurchase of an immovable property, what is the default period of redemption by the pacto de retro seller if the redemption period is not stated in the contract of pacto de retro sale?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

60. In pacto de retro sale or sale with a right to repurchase of an immovable property, what is the default period of redemption by the pacto de retro seller if the redemption period is not stated in the contract of pacto de retro sale?

Group of answer choices

a. 30 days

b. 4 years

c. 10 years

d. 5 years

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