Q.

X and Y sold a house and lot to their son valued at P10M for only P3M with the condition that it will be delivered after their death. After their death, should the property be brought to collation?

A. Yes, because the contract was not a sale but a donation inter vivos;
B. Yes, because it was a donation mortis causa;
C. No, because it was not acquired by gratuitous title but by onerous title; (Reyes v. CA)
D. Yes, because it was a simulated sale as the price is unusually inadequate.
Answer» C. No, because it was not acquired by gratuitous title but by onerous title; (Reyes v. CA)
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