Philippine Bar review · Question

Practice question: Extrajudicial Settlement (Rule 74)

Multiple Choice Medium

Practice question

Within Section4’s two-year period, distributed estate land is transferred. A transferee says transfer alone necessarily extinguishes the rule’s charge. Which is correct?
  1. A sale repeals the rule
  2. Every transfer automatically extinguishes it
  3. Only a public instrument eliminates all creditor rights
  4. Only the transferee’s preference matters
  5. The text expressly preserves the specified charge notwithstanding transfer

Legal references

  • Rules74 and76–79, relevant procedural provisions (current competent court assumed, without obsolete court labels or monetary jurisdiction): https://lawphil.net/courts/rules/rc_72-109_proceedings.html

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