Practice question
Heirs propose filing the required bond a year after the settlement instrument. What does Section 1 specify?
- A year’s delay is expressly mandatory.
- The bond is required only after final sale to a buyer.
- The heirs may privately waive the filing sequence.
- The bond is filed only with a newspaper editor.
- Simultaneous filing as a condition precedent to filing the instrument.
Legal references
- Rules of Court, Rule 74 Section 1 and its publication cross-reference to Section 2: https://lawphil.net/courts/supreme/rc/rc_72-109_proceedings.html
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