About this document
Chattel Mortgage and Future Obligations by Mary Jane Barluado is a document available to read on EtoBox.
The document discusses whether a clause in a chattel mortgage that purports to extend its coverage to future obligations would be valid and effective. It analyzes relevant laws and prior cases. It determines that while such a promise may be binding, the security itself does not arise until a new mortgage agreement is executed to cover the new debt. Payment of the original secured debt terminates the mortgage.
- Author
- Mary Jane Barluado
- Language
- EN