X and Y Are Married

X and Y are married. They were leasing a parcel of land in 2007; they constructed a house on the leased lot valued at ₱1M and resided thereon. While in business, they incurred liability from Z who sued them for failure to pay. Judgment was rendered and it became final and executory. Can the house be levied upon?

A) The house can be levied upon to answer for the obligation because it is not a family home.
B) The house is exempt from execution because it is a family home.
C) The house can be levied upon and sold, but the first ₱200,000.00 or ₱300,000.00 shall be given to X and Y.
D) The house can be sold after levy because X and Y did not file a motion to quash the levy contending that the house is a family home, hence, waived the right to invoke the exemption from levy.