Canivel, Angelica A.

BSMA 401
RFLIB 04 Activity 2

Part I.
1. C
2. B
3. D

Part II.
Under Section 3 of the Maceda Law.
If the contract is cancelled, the seller shall refund to the buyer the cash surrender value of the
payments on the property equivalent to fifty percent of the total payments made.

1. Installment Paid 720,000

Percentage for 6 years 50%
Cash Surrender Value 360,000

Amount Paid 720,000

Divide by 10,000
No. of Months 72
Divide by. (1yr=12 mos.) 12
No. of Years 6

2. Zero. less than 2 years

3. Installment Paid. 240,000

Percentage for at least 2 years 50%
 Cash Surrender Value. 120,000

Amount Paid. 240,000

Divide by 10,000
No. of Months. 24
Divide by. (1yr=12 mos.) 12
No. of Years 2

4. Installment Paid. 360,000

Percentage for 3 years 50%
Cash Surrender Value. 180,000

Amount Paid. 360,000

Divide by 10,000
No. of Months. 180
Divide by. (1yr=12 mos.) 12
No. of Years 3

5. Installment Paid. 1,200,000

Percentage for 10 years 50%
Cash Surrender Value. 600,000

Amount Paid. 1,200,000

Divide by 10,000
 No. of Months. 120
Divide by. (1yr=12 mos.) 12
No. of Years 10

6. Installment Paid. 3,000,000

Percentage for 25 years 50%
Cash Surrender Value. 1,500,000

Amount Paid. 3,000,000

Divide by 10,000
No. of Months. 300
Divide by. (1yr=12 mos.) 12
No. of Years 25

7. Installment Paid. 1,680,000

Percentage for 14. years 50%
Cash Surrender Value. 840,000

Amount Paid. 1,680,000

Divide by 10,000
No. of Months. 168
Divide by. (1yr=12 mos.) 12
No. of Years 14