Practice question
All heirs are adults, and the decedent left no will and no debts. Their deed lists estate personal property valued under oath at PHP300,000. Under Rule 74, section 1, what is the relevant bond requirement?
- No bond is ever mentioned
- A bond with the Register of Deeds equivalent to the personal property's value, conditioned on payment of just claims under section 4
- A bond automatically equal to the entire land value instead
- Only a promise not to notify creditors
- A bond payable exclusively to the drafting lawyer
Legal references
- https://lawphil.net/courts/supreme/rc/rc_72-109_proceedings.html — Rules of Court, Rule 74, sections 1–5.
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