Practice question
The court is considering distribution of personal property in a qualifying summary settlement. A distributee argues that no bond can ever be required because the proceeding is summary. Which is correct?
- Every summary settlement prohibits security
- Section3 permits a court-fixed bond protecting just claims before the partition described there
- The bond automatically proves there are no debts
- The distributee alone fixes the required amount
- A bond transfers all personal property to the creditor
Legal references
- Rule74 Section3: https://lawphil.net/courts/rules/rc_72-109_proceedings.html
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