This section is from the book "Canadian Banking Practice", by John T. P. Knight.
This section is from the "" book, by .
Question 579. - Under the laws of Saskatchewan farmers have exemption from execution - four horses, four cattle, etc. Can a farmer for the purpose of securing advances waive exemptions on his horses and give security upon them? If so, must the security be by way of chattel mortgage in accordance with the law of the Province of Saskatchewan?
Answer. - (a) Yes, while giving the security may be legal, it might not be possible to enforce it if the farmer chooses to claim his exemptions, and it should, therefore, not be relied upon, (b) Yes.
 
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