Philippine Bar review · Topic

Enforcement of Security Interest

Page 2 of practice questions on Enforcement of Security Interest in Personal Property Security (RA 11057). Browse published questions and explore related…

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Practice questions

  1. For a public disposition, what scheduling information does Section51(c) require in a sufficient notification?
  2. Collateral is perishable and the Section51(d) exception is established. Is the ordinary notification requirement catego…
  3. A subordinate secured creditor seeks payment from disposition proceeds. Under Section52(a)(3), what must the enforcing …
  4. After default, a creditor privately disposes of unique custom-built machinery to itself. It is not customarily sold on …
  5. After default, a secured receivables creditor instructs the account debtor to pay it directly. The account debtor reque…
  6. A fixture secures an obligation. Identify Section47(b)’s conditions for nonjudicial removal without assuming that all f…
  7. Explain Section51’s distinction between notification of a public disposition and notification of another form of dispos…
  8. Disposition yields PHP500,000. Reasonable qualifying enforcement expenses are PHP40,000, the enforcing secured obligati…