Practice question
The preservation need has ended. The receiver proposes to keep operating the property indefinitely and distribute the remaining money without accounting because the appointment order once existed. Which is correct?
- The receiver’s authority is necessarily perpetual
- The court should use Section8’s notice-and-hearing process to settle accounts, direct proper delivery, and discharge when necessity no longer exists
- Accounting is optional at the receiver’s sole discretion
- All property automatically belongs to the applicant
- No interested party may be heard
Legal references
- Rule59 Section8: https://lawphil.net/courts/rules/rc_1-71_civil.html
Answer this question in flashcards to review your response and continue practicing.