Practice question
A registered owner loses money in an unrelated private equipment purchase, with no qualifying land-registration event. It invokes95 solely because it owns a Torrens parcel elsewhere. Which is correct?
- Unrelated loss lacks the required registration-related causal basis
- Owning any Torrens parcel insures every transaction
- Every personal loss is a title error
- The Fund is a universal business guarantor
- A certificate automatically covers every vehicle purchase
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.
Answer this question in flashcards to review your response and continue practicing.