Practice question
A usufructuary bound to give security fails to do so. The owner retains the property as administrator under 586 and claims all net proceeds personally, with no obligation to account to the usufructuary. Which is correct?
- The owner's administration remains subject to delivery of the specified net proceeds after allowed administration deductions.
- Failure of security automatically gives the owner every usufruct benefit without accounting.
- The usufructuary must necessarily become owner of the land instead.
- No property may ever be administered.
- The owner may choose any deduction without agreement or judicial allowance.
Legal references
- Civil Code Articles434,583-590,622-624 and631: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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