Personal property that is most often exempt from satisfaction of a creditor's judgment debt on a debtor's default, up to a specified amount, includes
A)certain classified animals, usually including livestock.
B)equipment used in a business or trade, such as tools.
C)all of the choices.
D)a vehicle for transportation.

Question

Quizplus · Accepted Answer

Personal property exemptions from creditor claims often include certain animals (especially if used for livelihood), tools or equipment necessary for a business or trade, and a vehicle for transportation, up to specified limits. These exemptions are designed to prevent debtors from being deprived of their means of livelihood and transportation, ensuring they can continue to work and meet personal or family needs.

Personal Property That Is Most Often Exempt from Satisfaction of a Creditor's