P.R. Laws tit. 31, § 3915
2019-02-20 00:00:00+00
In any of the following cases, sales of real estate on reversion shall be presumed to constitute a contract of loan for the amount of the price, with a mortgage on the property sold, as security:
First: When the buyer fails to enter into material possession of the thing sold.
Second: When the vendor pays to the buyer interest on the selling price, though such interest may be called rental or otherwise.
Third: When a grossly inadequate sum appears in the contract, as the price of alienation.
History —Civil Code, 1930, § 1410.