Philippine Bar review · Question

Practice question: Judicial vs. Extrajudicial Foreclosure

Multiple Choice Easy

Practice question

What payment period does Rule 68 section 2 require the foreclosure judgment to allow from entry of judgment?
  1. Exactly seven days.
  2. At least one year in every case.
  3. No payment period at all.
  4. Not less than ninety nor more than one hundred twenty days.
  5. Ten years in every case.

Legal references

  • https://www.lawphil.net/courts/rules/rc_1-71_civil.html — Rules of Court, Rule 68 sections 2–3.
  • https://lawphil.net/judjuris/juri2024/jan2024/gr_217860_2024.html — Lontoc v Tiglao, GR 217860, January 29 2024, main opinion: Rule 68 sections 2–3.
  • https://lawphil.net/judjuris/juri2017/jul2017/gr_209452_2017.html — Gotesco Properties v Solidbank, GR 209452, July 26 2017, main opinion: Act 3135 section 3 posting and publication.
  • https://lawphil.net/judjuris/juri2020/sep2020/gr_226272_2020.html — Panacan Lumber v Solidbank, GR 226272, September 16 2020, main opinion: personal-notice stipulation.
  • https://lawphil.net/judjuris/juri2023/aug2023/gr_228919_2023.html — Palo v Spouses Baquirquir, GR 228919, August 23 2023, main resolution: Act 3135 section 1 expressly granted special power of sale.

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