Practice question
A private obligee values levied property at PHP300000; the third-party claimant supports PHP700000. The obligee insists its own figure conclusively sets the bond despite the dispute. Which is correct?
- A bidder fixes the legal amount
- The obligee’s figure binds everyone
- The claimant’s figure is automatically final
- The issuing court determines disputed value
- No valuation rule exists
Legal references
- Rule39 Sections16,26,47–48: https://lawphil.net/courts/rules/rc_1-71_civil.html
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