Mr. S sold a banana plantation to Mr. B for P3 million although its market value is P20 million. It was agreed that Mr. S shall remain in possession as lessee of the land and shall be responsible for the real estate taxes.

• A. The contract gives rise to an action for rescission.
• B. The contract gives rise to an action for annulment.
• C. The contract is a sale.
• D. The contract is presumed to be an equitable mortgage.