Practice question
The amount claimed isP 1 million. Applying only Section 11's stated surety-bond ceiling, what is the largest bond within that ceiling?
- P 500,000
- P 1 million only as an absolute ceiling
- P 3 million
- P 10 million
- P 2 million
Legal references
- RA1125 Section11, as amended by RA9282 Section9; https://lawphil.net/statutes/repacts/ra2004/ra_9282_2004.html
- CIR v. CTA Second Division and QL Development, Inc., G.R.258947, March29 2022, main decision; https://lawphil.net/judjuris/juri2022/mar2022/gr_258947_2022.html
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