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 in 5 equal installments Chattel Mortgage made: 1. in the same car 2. in another car What if there had been default on payment of the 4th and 5th installment and foreclosure proceed in the same car is only 200,000. How much is still recoverable from buyer

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