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Philippine Bar review · Question

Practice question: General Principles

Multiple Choice Easy

Practice question

Under FRIA Section 9, what must creditors do to designate a representative to vote or act for them?
  1. Only tell a customer
  2. File notice with the court and serve a copy on the receiver or liquidator
  3. Only publish an anonymous message
  4. Obtain every debtor employee’s signature
  5. Transfer every claim to the representative

Legal references

  • RA 10142 (FRIA), Sections 4, 7, 9, 17-18, 31-35, 64-70 and 115-121: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html

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