Practice question
A fisherman owns four expensive boats used in a fleet business. He invokes paragraph(h) as an exemption for the entire fleet without regard to value. No separate statutory protection is shown. Which textual restriction defeats that sweeping claim?
- The paragraph specifies one boat and accessories with a PHP100,000 total-value ceiling
- Every fishing business asset is unlimitedly exempt
- The boat count and value are expressly irrelevant
- Only a foreign vessel can be protected
- The creditor must become a fisherman first
Legal references
- Rules of Court Rule39 relevant sections: https://lawphil.net/courts/rules/rc_1-71_civil.html Section13(c),(e)–(h),(j)–(m), subject to its express exceptions.
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