Practice question
Which bidder is preferred in the statutory delinquency auction, all else satisfying the required payment?
- The bidder demanding the largest number of shares
- The bidder with the oldest business
- The bidder paying the full required sum for the smallest number of shares or fraction
- The bidder offering only unpaid principal
- The bidder chosen by alphabetical order
Legal references
- RA11232, Section 67: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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