Practice question
Which loss is expressly excluded from Assurance Fund liability by section101 of PD1529?
- Every loss involving an erroneous title entry.
- Every loss sustained by a natural person.
- A loss caused by a breach of trust, whether express, implied, or constructive.
- Every loss arising after original registration.
- Every loss involving an innocent purchaser for value.
Legal references
- https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html — PD1529, sections95,97,101.
- https://lawphil.net/judjuris/juri2018/jul2018/gr_224678_2018.html — Spouses Stilianopoulos v Register of Deeds for Legazpi City, GR224678, July3 2018, main opinion: registration fraud and breach of trust.
- https://lawphil.net/judjuris/juri2015/aug2015/gr_171804_2015.html — Register of Deeds of Negros Occidental v Anglo, Sr., GR171804, August5 2015, main opinion: section95 and claimant negligence.
Answer this question in flashcards to review your response and continue practicing.