Practice question
Under Rule88 §1, what follows when allowed estate debts are ascertained and sufficient assets exist to pay them?
- The executor or administrator pays them within the time fixed for that purpose.
- The heirs may disregard every creditor.
- The debts automatically disappear at death.
- The administrator may distribute everything to a favored heir first.
- Only the largest creditor may receive payment.
Legal references
- https://lawphil.net/courts/rules/rc_72-109_proceedings.html — Rules88–91 and adult-guardianship Rules92–97, subject to later law and AM03-02-05-SC for minors.
Answer this question in flashcards to review your response and continue practicing.