Practice question
Under Act3135 Section5, is the mortgage creditor categorically forbidden from bidding?
- No; it may participate subject to the statute and any contrary deed provision
- Yes; only strangers may bid
- Yes; every creditor bid is automatically fraud
- Yes; a mortgage always bars purchase
- Yes; only the debtor may buy
Legal references
- Act3135 Sections3–5, unchanged by Act4118 on these points: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/28/20591
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