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Essay Multiple Choice

Question Source

All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

The full subscription balance, interest and statutory costs total PHP60,000. No bidder offers that full amount; the highest cash offer is PHP55,000. Does that deficient offer itself satisfy Section67’s full-payment qualification?

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No; the corporation may consider its statutory bid route subject to the Code Yes; statutory costs must always be ignored Yes; the subscriber’s debt automatically becomes PHP55,000 Yes; the auctioneer may delete the balance

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