Philippine Bar review · Question

Practice question: Registration of Notice of Security Interest

Multiple Choice Easy

Practice question

Does the Registry’s acceptance of a notice itself adjudicate the validity of every statement in it?
  1. Yes, conclusively
  2. Yes, because no court may review it
  3. Only if a creditor is a bank
  4. Yes, every filing creates an otherwise nonexistent agreement
  5. No, its duties are administrative and registration does not determine the listed substantive matters

Legal references

  • RA 11057, Section 35(f): https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html

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