Practice question
A bondsman meets financial and integrity criteria but the stipulated relevant 2056 jurisdictional requirement is unmet. Is that defect necessarily irrelevant solely because assets are ample?
- Yes; wealth erases every court requirement.
- Only the creditor’s name matters.
- The bond automatically becomes a land sale.
- Any person anywhere necessarily satisfies every requirement.
- No; the jurisdictional requirement must also be addressed.
Legal references
- Civil Code Articles2052,2056-2057,2066,2071-2084 and2126-2130: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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