McqMate
Q. |
A is the owner of a parcel of land covered by TCT No. 1. Through an oral agreement between B & A. A agreed that the property be registered under the name of B so that he can use it in securing a loan with Metrobank. When A sought to recover the property from B, the latter refused contending that he was the owner of the same. Is the contention of B correct? |
A. | B is correct because his ownership is evidenced by a title. |
B. | B is wrong because he is holding the property merely in trust for A. |
C. | B is correct because A cannot prove that there is trust considering that the same was not put into a public instrument. |
D. | A can recover and prove that there was trust even if not in a public instrument because the requirement is merely for purposes of convenience. |
Answer» D. A can recover and prove that there was trust even if not in a public instrument because the requirement is merely for purposes of convenience. |
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