Practice question
Explain the relevance of Article1492 when a restricted acquisition is structured as a compromise or sale in legal redemption.
Legal references
- CPRA, A.M.22-09-01-SC, Preamble/GeneralProvisions, CanonI, CanonII Sections36–44, CanonIII Section51; primaryissuedtext visuallyread: https://bir-cdn.bir.gov.ph/local/pdf/RMC%20No.%20123-2023%20Annex%20A.pdf
- Civil Code Articles1491(5)–1492: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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