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Q. |
Within what period should an action to foreclose a mortgage over real property be filed? |
A. | Within 10 years from date of registration of the contract; |
B. | Within 10 years from the execution of the contract; |
C. | Within 10 years from demand, for unless demand is prove, there can be no default. (Nunez v. GSIS Family Bank, 17 November 2005); |
D. | Within 10 years from notarization of the contract. |
Answer» C. Within 10 years from demand, for unless demand is prove, there can be no default. (Nunez v. GSIS Family Bank, 17 November 2005); |
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