Question: Please answer. Celso enters into a contract with Kennedy for his car. The terms of the contract follows: Contract Price - 500.000 Down payment -

Please answer.

Celso enters into a contract with Kennedy for his car. The terms of the contract follows: Contract Price - 500.000 Down payment - 20% Remaining Balance payable after 2 months Chattel Mortgage made in the same car What If there had been default on payment of the remaining balance and foreclosure proceed is only 200,000. How much Is still recoverable from buyer
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