Practice question
No approved RA 12001 SMV exists. Counsel applies BIR land zonal valuation indiscriminately to improvements and crops as well. What correction does amended Section 7 require?
- Land zonal value universally replaces every component.
- The absence of SMV automatically eliminates the deposit.
- Every component is valued solely by the contractor.
- The court must omit all crops.
- Use the distinct interim assessed-value basis for the specified improvements, structures, crops and trees.
Legal references
- RA 12289, Sections 3 and 7-8, amending RA 10752 coverage and its renumbered Sections 7-8 on possession and valuation: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/99855
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