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Philippine Bar review · Question

Practice question: Distraint (Actual and Constructive) and Levy

Multiple Choice Easy

Practice question

For distraint of stocks,208 requires service on the taxpayer and whom?
  1. Only the taxpayer's former landlord.
  2. A specified responsible officer of the issuing corporation, company or association.
  3. Every unrelated market vendor.
  4. Only the stock buyer's child.
  5. No one else under any circumstances.

Legal references

  • NIRC Sections208-210,215-219: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html

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