Practice question
A legally applicable redemption right remains unexpired. The purchaser demands immediate cancellation of the mortgagor’s title solely because Section 7 mentions new title issuance. Which is sound?
- Every confirmation erases every statutory redemption right.
- Section 7 distinguishes the no-redemption and redemption-allowed situations; the latter must be respected.
- All redemption periods are the same universal period without identifying the law.
- A purchaser’s demand privately ends the unexpired right.
- The old title must be destroyed before the lawful period is examined.
Legal references
- Rules of Court, Rules 66-68, specifically the procedural provisions identified in each explanation: https://lawphil.net/courts/rules/rc_1-71_civil.html
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