Tina Sommers Borrows $10,000 from Freddy Gomez and Gives Him

question 82

Multiple Choice

Tina Sommers borrows $10,000 from Freddy Gomez and gives him a chattel mortgage on her car and a chattel mortgage on her boat as security. Freddy registers the chattel mortgage on the car, but forgets to register the one on the boat. Tina sells the car and the boat to Betty Stover who knows nothing of either chattel mortgage. Which, if any, of the chattel mortgages is enforceable?

• A)The one on the car
• B)The one on the boat
• C)Both A and B
• D)Neither A nor B
• E)Freddy will have to negotiate with Betty to determine if any of the chattel mortgages is valid

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Definitions:

Female Adult Child

A grown woman who is considered in relation to her parents, often in the context of caregiving or family dynamics.

Hospice Care

Specialized care designed to provide support and comfort to individuals in the last phases of an incurable disease, focusing on quality of life rather than cure.

Sibling Relationships

Describes the dynamic, interaction, and bond shared between or among siblings, which can influence individuals' social and emotional development.

Caregiver

An individual who provides care for another person, typically a family member or someone with a disability or illness.