Flashcards Studio
Practice bar questions and get clear AI feedback on every answer.
Question
Miles acquired a parcel of land from a seller by a deed of sale. The title to the parcel was issued by the Land Registration Authority under PD 1529. Months later, a cadastral survey reveals that the registered parcel description erroneously includes land outside the described area, such that the true property lies in a different parcel. Miles incurred actual losses (purchase price, taxes, and improvements) because of the erroneous registration. He seeks relief from the Assurance Fund to cover his damages. (a)What is the nature of the Assurance Fund under PD 1529 as amended? Is it a public or private fund, and what is its purpose? (b)Who may draw from the fund, under what conditions, and who administers it? (c)How does the Assurance Fund interact with Miles’s remedies if the title is subsequently cancelled or corrected? Answer with the controlling doctrine and apply to the facts.