Amendment on Sale and Mortgage Regulations

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Republic Act No. 111: Amendment on Sale and Mortgage Regulations

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Title Supreme Court: Amendment on Sale and Mortgage Regulations

Law: Republic Act No. 111

Decision Date: Jun 2, 1947

Republic Act No. 111, enacted in 1947, amends the Bulk Sales Law by requiring the registration of sworn statements containing the names and addresses of all creditors, aiming to regulate the sale, transfer, mortgage, or assignment of goods in bulk and imposing penalties for violations.

amendment

registration requirement

sworn statements

END