Practice question
A judicial foreclosure sale is completed but required court confirmation has not occurred. A party says mere bidding necessarily supplies every Section 3 confirmation consequence. Which is best?
- Every bid automatically equals a confirmation order.
- Only the purchaser may issue the court order.
- No motion can ever be needed.
- The auctioneer may erase every statutory qualification.
- The rule’s court-confirmation requirement must be respected.
Legal references
- Civil Code Articles2052,2056-2057,2066,2071-2084 and2126-2130: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- Rules of Court Rule68 Sections3-6: https://lawphil.net/courts/rules/rc_1-71_civil.html
Answer this question in flashcards to review your response and continue practicing.