Practice question
The execution obligee files an indemnity bond under Section 16. A claimant sues on that bond for taking or keeping the property more than 120 days after filing of the bond, arguing that the period begins only upon a later demand letter. Which is correct?
- Every demand restarts the express period.
- The bond has no procedural period.
- The period begins only when counsel sends an invoice.
- Section 16 measures the stated 120-day period from filing of the bond, not the later private demand.
- The claimant's separate ownership action necessarily has that same period.
Legal references
- https://lawphil.net/courts/rules/rc_1-71_civil.html — Rule 39, Section 16.
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