Practice question
Distrained goods produce proceeds greater than the entire lawful claim including expenses. What does 209 direct for the residue?
- Give every excess peso to the officer personally.
- Retain it permanently for unrelated taxes without legal basis.
- Destroy it rather than account for it.
- Transfer it automatically to the highest bidder.
- Return it to the owner.
Legal references
- NIRC Sections208-210,215-219: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
Answer this question in flashcards to review your response and continue practicing.