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

Please answer.

car. The terms of the contract follows: Contract Price - 500.000 Down

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!