Practice question
Under Rule 68 Section 4, what is deducted from sale proceeds before payment to the foreclosing mortgagee?
- Costs of the sale.
- Only the purchaser’s favorite expense without authority.
- Every unrelated private loan.
- Nothing can ever be deducted.
- Only the clerk’s personal shopping.
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
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