Practice question
A qualifying claimant demands PHP8million compensation solely from current appreciation, although the fair market value at the established time of loss was PHP3million. Ignore separate lawful costs and assume no other limitation controls. What97 ceiling applies?
- No more than PHP3million compensation
- PHP8million automatically
- Any amount the claimant prefers
- The highest future projected price
- No ceiling
Legal references
- PD1529 Property Registration Decree: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html Sections95 and97.
- Register of Deeds v Anglo GR171804 August5,2015 MAIN: https://lawphil.net/judjuris/juri2015/aug2015/gr_171804_2015.html MAIN qualifying loss and strict conditions.
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