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Contract of adhesion (valid contract) - its terms are prepared by only one party while the other party merely affixes his signature signifying his adhesion thereto.
MACEDA LAW (Sec. 3): (b) “xxx, That the actual cancellation of the contract shall take place after thirty days from receipt by the buyer of the notice of cancellation or the
demand for rescission of the contract by a notarial act and upon full payment of the cash surrender value to the buyer.
A contract is unenforceable when contracted into in the name of
another by one who has no authority or legal representation unless it
is ratified by the person on whose behalf it has been executed.
Contract of adhesion (valid contract) - its terms are prepared by only one party while the other party merely affixes his signature signifying his adhesion thereto.
MACEDA LAW (Sec. 3): (b) “xxx, That the actual cancellation of the contract shall take place after thirty days from receipt by the buyer of the notice of cancellation or the
demand for rescission of the contract by a notarial act and upon full payment of the cash surrender value to the buyer.