FRIAR LANDS
> Were purchased by the government for sale to actual occupants under the provisions of Act 1120 or the Friar Lands Act
> These lands are not public lands but private and patrimonial lands of the government
> The Land Management Bureau shall first issue a certificate stating therein that the government has agreed to sell the land to such settler or occupant
> The latter shall then accept the certificate and agree to pay the purchase price so fixed, in installments and at the rate of interest specified in the certificate
> The conveyance or certificate of sale executed in favor of a buyer is a conveyance of ownership of the property, subject only to the resolutory condition that the sale may be cancelled if the price agreed upon is not paid in full
