This is regarding Section 3 of the Maceda Law. Just yesterday, I submitted a notice of cancellation of contract to my developer. This is because I lost my job and won't be able to continue paying. We have made 25 monthly payments before this.
My question is regarding the phrase in Section 3 which says, ''... in case he defaults in the payment of succeeding installments..."
Does this mean that I won't qualify for a refund since we cancelled the contract voluntarily? Please clarify.
I would appreciate your response regarding this matter.
Thanks in advance.