The following are the characteristics of a chattel mortgage,: A. The deed of chattel mortgage must be

Fantastic news! We've Found the answer you've been seeking!

Question:

The following are the characteristics of a chattel mortgage,:
A. The deed of chattel mortgage must be accompanied by an affidavit of good faith to be binding against third persons.
B. The mortgagor must be the absolute owner of the property mortgaged.
C. It involves movable or immovable property.
D. It is an accessory contract.