Practice question
An LGU distrains equipment but cannot dispose of it within120 days. The statutory appraisal values it below the total delinquency. Under Section175(e), what follows?
- It is considered sold to the LGU at the appraisal amount, cancelling delinquency only to that extent
- The entire debt is extinguished regardless of appraisal
- The equipment is automatically returned free of all liability
- The officer owns the equipment personally
- The appraisal amount becomes a criminal fine
Legal references
- RA7160 Local Government Code: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html Sections175–185.
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