Practice question
Under Section 215, when does an unredeemed forfeiture become absolute?
- Immediately upon advertising any sale
- Immediately upon a private offer
- After the stated one-year redemption period expires without redemption
- Before any tax becomes due
- Whenever a buyer telephones
Legal references
- NIRC Section215, Forfeiture to Government for Want of Bidder; https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
Answer this question in flashcards to review your response and continue practicing.