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Philippine Bar review · Question

Practice question: Innocent Purchaser for Value; Rights

Multiple Choice Hard

Practice question

A buyer submits the lawful notarized deed, presents the owner's duplicate, pays full registration fees and obtains the required daybook entry, satisfying the legal registration conditions described in Duenas before any adverse notice. Issuance of the printed title is delayed solely by registry processing. Is the later paper-release date automatically the only legally relevant registration point?
  1. Yes; completed entries and paid fees are always irrelevant.
  2. No; examine the completed legal registration requirements rather than equate registration solely with later physical release.
  3. Only the date the buyer buys an envelope matters.
  4. The buyer can claim registration without filing any document.
  5. Every delayed printed title automatically proves earlier bad faith.

Legal references

  • PD1529 Sections31-34 and44: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html
  • Magsano v. Pangasinan Savings and Loan Bank, G.R.215038, October17,2016, MAIN: https://lawphil.net/judjuris/juri2016/oct2016/gr_215038_2016.html
  • Duenas v. Metrobank, G.R.209463, November29,2022, EN BANC MAIN, good faith through registration: https://lawphil.net/judjuris/juri2022/nov2022/gr_209463_2022.html

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