Practice question
A receiver wants to invest funds under custody. Is the receiver’s belief that the investment is prudent alone sufficient?
- Yes, profitability alone supplies authority
- Yes, oral consent of one party is enough
- Yes, appointment removes every investment restriction
- No receiver can ever invest even with both requirements
- No; Section6 requires a court order and written consent of all parties
Legal references
- Rule59 Section6: https://lawphil.net/courts/rules/rc_1-71_civil.html
Answer this question in flashcards to review your response and continue practicing.