Practice question
An assignment was recorded five months after execution but before any later purchase or mortgage. A later purchaser without notice says the earlier assignment necessarily loses Section 106.2 protection because recordation missed three months. Which is correct?
- Every late recording is ineffective forever
- Only the later purchaser’s good faith matters
- Recordation has no effect in any case
- The instrument must be destroyed
- The statute also permits recordation before the subsequent purchase or mortgage; missing three months alone is not decisive here
Legal references
- RA 8293, Intellectual Property Code, Sections 67-70, 73 and 76-107, read with RA 9502: https://lawphil.net/statutes/repacts/ra1997/ra_8293_1997.html
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