Practice question
A notary is promised a percentage of the land-sale price if the notarized sale closes. Apart from the lawful notarial fee, what limitation is implicated?
- Only the limit on passport photographs.
- The prohibition on a direct or indirect interest or consideration resulting from the transaction.
- Only the rule on newspaper publication.
- No limitation if the percentage is small.
- No limitation if the buyer pays instead of the seller.
Legal references
- A.M. No. 02-8-13-SC, 2004 Rules on Notarial Practice, Rules III, IV and VI, official collation pp. 1707–1716: https://elibrary.judiciary.gov.ph/assets/pdf/journals/Collation_and_Codification_of_SC_Issuance_DIGITAL.pdf
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