Cyclopedia of Commerce, Accountancy, Business Administration, v. 03 (of 10)

by American School of Correspondence

26. What is meant by foreclosing a lien in equity?

27. Define and explain redemption.

28. When may the right of redemption be exercised?

MORTGAGES ON PERSONAL PROPERTY

1. Define chattel mortgage.

2. In case of a mortgage of personal property, who has possession of the property? Who has title?

3. Define mortgagor and mortgagee.

5. Distinguish chattel mortgage and sale.

4. Distinguish chattel mortgage and pledge.