Practice question
The attachment order secures PHP 500,000, but discharge is sought only for a particular item the court values at PHP 80,000. What does Section 12 prescribe for that property-specific counterbond?
- Necessarily PHP 500,000 despite the specific-property clause.
- Zero without any qualifying security.
- Any amount the creditor privately chooses.
- PHP 80,000.
- PHP 5,000,000 automatically.
Legal references
- Rules of Court, Rule 57 Sections 1-4 and 12-13, attachment grounds, issuance and discharge: https://lawphil.net/courts/rules/rc_1-71_civil.html
- Pilipinas Shell Petroleum Corp. v. Pobre, G.R. No. 259709, August 30, 2023, main decision, distinct attachment requirements and discharge avenues: https://lawphil.net/judjuris/juri2023/aug2023/gr_259709_2023.html
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