Practice question
Before approval of a private unsegregated portion’s plan, its buyer presents a subsequent voluntary sale of that same portion for annotation. No government-purchase exception applies. What Section 58 restriction matters?
- Further registration or annotation of subsequent voluntary instruments involving that portion is barred pending the specified approval
- Every later instrument must be annotated immediately
- An interim memorandum eliminates all plan requirements
- The second sale creates its own survey automatically
- Only the purchase price determines registrability
Legal references
- PD1529, Sections16,18,20,25,28-29,40-43,55-58 and70,76-77: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html
Answer this question in flashcards to review your response and continue practicing.