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Philippine Bar review · Topic

Right of Redemption vs. Equity of Redemption

Explore Right of Redemption vs. Equity of Redemption in Foreclosure (Rules of Court, Rule 68; Act 3135, as amended by Act 4118; RA 8791, Sec. 47) for the…

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Practice questions

  1. In an ordinary judicial foreclosure with no special statutory post-sale redemption right, what is equity of redemption? Multiple Choice Easy
  2. Under the ordinary Act 3135 regime, excluding any special-law modification, what period does jurisprudence recognize fo… Multiple Choice Easy
  3. For a juridical person’s property sold extrajudicially in the bank-foreclosure setting governed by RA 8791 section 47, … Multiple Choice Easy
  4. A mortgagor in an ordinary nonbank judicial foreclosure offers the required full payment after auction but before the c… Multiple Choice Medium
  5. A corporation’s land is sold in an extrajudicial bank foreclosure governed by section 47. The certificate of sale is re… Multiple Choice Medium
  6. A corporation owns the land mortgaged to a bank. Its president and spouse are individual co-debtors. Following a covere… Multiple Choice Hard
  7. An ordinary private nonbank mortgage is judicially foreclosed. The sale has been validly confirmed, and no statute or a… Multiple Choice Hard
  8. Distinguish equity of redemption in ordinary judicial foreclosure from the ordinary statutory right after extrajudicial… Essay Medium
  9. State the section 47 redemption limit for a juridical person’s property sold through a covered extrajudicial bank forec… Essay Medium
  10. A bank loan has corporate and individual co-debtors, but the mortgaged land belongs entirely to the corporation. Explai… Essay Medium
  11. In the Section47 bank-redemption amount, what must be done with income derived from the property as specified by the st… Multiple Choice Easy
  12. Does Section47’s opening bank-foreclosure redemption provision expressly refer only to extrajudicial foreclosure? Multiple Choice Easy