Maceda law

 RA 6552 realty instalment buyer protection act

Public policy: to protect buyers on real estate on instalment payments against onerous and oppressive
conditions.
 One month grace period for every one year of instalments before it maybe cancelled for non
payment of the installments.
 Rule: 1mg= 1yr.
 It reaffirms the vendor’ rights to cancel unqualifiedly
 H