Practice question
All heirs are adults and agree on shares, but known estate debts remain unpaid. They argue agreement alone satisfies every Section 1 condition. Which is correct?
- Agreement automatically erases the debts.
- Adult status alone eliminates creditors' rights.
- A public instrument necessarily proves there are no debts.
- The no-debts requirement cannot simply be ignored because the heirs agree.
- Only the heirs' preferred label matters.
Legal references
- https://lawphil.net/courts/supreme/rc/rc_72-109_proceedings.html — Rule 74, Section 1.
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