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Question
Scenario: A Filipino-owned corporation holds a 4-hectare title to land along a river, issued in 1940 under a Land Registration Decree. In 1988 the government classifies the parcel as part of the public domain. The corporation has tax declarations and improvements in its name. In 2024, the State seeks to cancel the title and revert the land to the State. (a)Identify the controlling rule about lands of the public domain as refined in Republic v. Pasig Rizal Co., Inc., G.R. No. 213207, February 15, 2022. (b)Distinguish between lands that remain part of the public domain and lands that have become alienable and disposable and may be privately owned. (c)Decide whether the title should be cancelled or reverted, and explain the effects on the corporation and on potential third-party rights.