Practice question
A co-owner asks for a receiver solely because litigation exists. The verified facts show no danger to the fund and no other Section1 basis. Is appointment automatic?
- Yes, every disputed fund requires a receiver
- Yes, filing a complaint eliminates the owner’s control in all cases
- No receivership can ever protect a co-owned fund
- No; the applicant must establish an applicable ground and need for receivership
- The applicant may privately seize the fund instead
Legal references
- Rule59 Section1: https://lawphil.net/courts/rules/rc_1-71_civil.html
Answer this question in flashcards to review your response and continue practicing.