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Question Type

Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Civil Law and Land Titles and Deeds

A covered property is offered to the right holder for P12 million, then offered to a third party for P9 million on otherwise identical terms while the right remains effective. The holder was never given the P9 million opportunity. Does the higher offer necessarily establish full compliance?

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No, the materially different favorable third-party price must be assessed against the holder's contractual priority No, because the owner can never sell to anyone Yes, because the third party exists Yes, because price is irrelevant

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