Practice question
For land, what percentage of market value is specified in the amended Section7(a)(1) possession-deposit formula?
- One hundred percent in every case under the old text
- Fifteen percent
- Zero percent
- Seventy-five percent
- Whatever the contractor verbally chooses
Legal references
- RA12289 Section7, amended Section7(a): https://lawphil.net/statutes/repacts/ra2025/ra_12289_2025.html
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