John Barlow defaulted on his loan repayments to First World Bank.

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John Barlow defaulted on his loan repayments to First World Bank. The court issued a judgment requiring the sale of much of John Barlow’s property to satisfy the debt. John owned an especially valuable edition of the Bible that had been in his family for years. Its sale would have brought almost half the amount required to satisfy John’s debt.

If John refused to sell the family Bible, would a court most likely support that decision? Why or why not?

a. Yes. The court most likely would rule that the family Bible was exempted personal property.
b. No. The court most likely would rule that the family Bible was not exempted personal property due to its high value.
c. No. The court most likely would rule that the family Bible was not exempted personal property because books are not exempted.
d. No. The court most likely would rule that the family Bible was not exempted personal property because religious items are not exempted

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