Practice question
What registration window does Section23(a) state for equipment purchase-money priority?
- Within three business days after the grantor receives possession
- Within thirty calendar years
- Only before the seller is born
- Exactly one year after default
- There is no registration timing requirement
Legal references
- RA11057 PPSA: https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html Sections18(c),(e),19–20,22–23.
Answer this question in flashcards to review your response and continue practicing.