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VVocatus · Bar Exam Practice

Taxation, 2011 Bar — Question 63

Taxation
2011 BarTaxationQ. 63

MULTIPLE CHOICE

Under the Tariff and Customs Code, abandoned imported articles becomes the property of the: (A) government whatever be the circumstances. (B) insurance company that covered the shipment. (C) shipping company in case the freight was not paid. (D) bank if the shipment is covered by a letter of credit.

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