When immovable property is sold pursuant to the execution of a decree, any owner or person possessing an interest therein who applies to have the sale set aside must deposit ?
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Answer: A. 5% of purchase amount
Explanation
Decree execution sales require applicants setting aside sales to deposit five percent of purchases. Financial deposits ensure that frivolous applications do not disrupt court auction processes. The correct option accurately specifies the five percent purchase amount deposit. Court auctions liquidate attached immovable properties to satisfy outstanding creditor decrees. Judgment debtors or interested parties can challenge sales by depositing required funds promptly. Procedural rules balance auction finality against debtor rights to redeem properties.
Property owners seeking to reverse execution sales must arrange the required deposit immediately. Civil courts review deposit receipts before entertaining applications to set aside auctions. This financial requirement deters bad-faith challenges in court-supervised property sales. Option B proposes ten percent which exceeds the statutory five percent deposit rule. Option C is incorrect because a specific percentage deposit is explicitly mandated. Option D is wrong because option A correctly states the five percent amount.
- Subject
- Law
- Category
- Judiciary and Law
- Topic
- —
- Difficulty
- medium
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