Practice question
What is the ordinary statutory period for instituting an action for compensation against the Assurance Fund under section102 of PD1529?
- One year from the first survey.
- Two years from the first tax declaration.
- Four years from the original registration in every case.
- Six years from the time the right to bring the action first accrued.
- Ten years from the latest demand letter in every case.
Legal references
- https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html — PD1529, section102: six years, survival, and disability proviso.
- https://lawphil.net/judjuris/juri2018/jul2018/gr_224678_2018.html — Spouses Stilianopoulos v Register of Deeds for Legazpi City, GR224678, July3 2018, main opinion: accrual and actual knowledge in fraudulent-registration claims.
Answer this question in flashcards to review your response and continue practicing.