Practice question
For a 2026 publiciana, the plaintiff provides only a PHP6 million advertised asking price and refuses to establish the applicable assessed value or undeclared-land method. It claims market advertising conclusively satisfies the statutory test. Which is correct?
- Every asking price conclusively equals assessed value.
- The proper statutory assessed-value basis must be established; an asking price is not automatically that value.
- A broker may rewrite the jurisdictional statute.
- All assessed values are legally irrelevant.
- The plaintiff's preferred court automatically proves its jurisdiction.
Legal references
- RA11576 Sections1-2, current assessed-value allocation: https://lawphil.net/statutes/repacts/ra2021/ra_11576_2021.html
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