Wednesday, October 12, 2011

Redelivery Bond

Bond, which must be double the value of property, to answer for the return of property if adjudged, and pay for such sum as he may recover from the applicant.

It is required that the redelivery bond be filed within the period of five (5) days after the taking of the property. The rule is mandatory. (Yang vs. Valdez, 177 SCRA 141)

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