Multiple Choice Flashcards

Under a hypothetical Land Information Management Act (LIMA) enacted January 30, 2026 and published February 15, 2026, the Act provides: (1) This Act shall take effect fifteen days after its publication; (2) All deeds of sale within its coverage executed after the Act's effectivity must be recorded with the Registry of Deeds within forty-five days from execution, otherwise void as to third parties; (3) Title transfers arising from such deeds must be registered within sixty days from execution; (4) The Act shall not be given retroactive effect; rights that vested prior to its effectivity are preserved. A deed of sale of land within the Act's coverage is executed on February 28, 2026. A deed of sale is executed on March 3, 2026. A title transfer arising from the March 3 deed is registered on May 25, 2026. Answer the following: (a) What is the Act's date of effectivity? (b) Is the February 28, 2026 deed governed by the Act or by pre-existing law? (c) Is the May 25, 2026 title transfer governed by the Act or by pre-existing law? Brief justification.