Practice question
In the Section47 bank-redemption amount, what must be done with income derived from the property as specified by the statute?
- Deduct it from the stated redemption computation
- Ignore it in every case
- Add it twice
- Transfer it automatically to the auctioneer
- Treat it as an unrelated gift
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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