Practice question
Collateral is perishable and the Section51(d) exception is established. Is the ordinary notification requirement categorically unavoidable despite that fact?
- No; Section51(d) states an exception for perishable collateral
- Yes; the statute has no exception
- Yes; perishability necessarily forbids any disposition
- Yes; only a donor may invoke perishability
- Yes; the collateral must always be destroyed
Legal references
- RA11057 PPSA: https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html Sections47(b),48(a),49,51–52.
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