Practice question
Does Section47’s opening bank-foreclosure redemption provision expressly refer only to extrajudicial foreclosure?
- No; it states judicially or extrajudicially
- Yes; judicial foreclosure is never mentioned
- Yes; it applies only to personal-property auctions
- Yes; it applies only to leases
- Yes; the reference is exclusively criminal forfeiture
Legal references
- Rules of Court: https://lawphil.net/courts/rules/rc_1-71_civil.html Rule68 Sections2–3.
- RA8791: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html Section47 redemption amount and bank judicial foreclosure.
- Spouses Lontoc v Spouses Tiglao GR217860 January29,2024 MAIN: https://lawphil.net/judjuris/juri2024/jan2024/gr_217860_2024.html Equity and statutory rights distinguished.
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