Practice question
Under Section29, may a single registered notice relate to interests under more than one security agreement of the grantor?
- Yes
- No, never
- Only after a criminal judgment
- Only for land mortgages
- Only if all creditors are relatives
Legal references
- RA11057 PPSA: https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html Sections28(f),29,34–43.
- LRA Circular02-2025 PPSR operationalization: https://lra.gov.ph/wp-content/uploads/2025/07/02-2025-OPERATIONALIZATION-OF-THE-PERSONAL-PROPERTY-SECURITY-REGISTRY.pdf PPSR operation commenced February3,2025.
Answer this question in flashcards to review your response and continue practicing.