SEC. 26. All bids, must be sealed and addressed to the Director of Lands and must have inclosed therewith cash or a certified check or post-office money order payable to the order of the Director of Lands, for twenty-five per centum of the amount of the bid, which amount shall be retained in case the bid is accepted, as part payment of the purchase price : Provided, That no bid shall be considered the amount of which is less than the appraised value of the land.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationAct No. 2874 Section 26 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
