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REQUIREMENTS UNDER THE CHATTEL MORTGAGE LAW FOR THE VALIDITY OF A CHATTEL MORTGAGE

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barrister

barrister
Reclusion Perpetua

1. Substantial compliance with form in Sec. 5 of the Chattel Mortgage Law.
2. The deed of mortgage must be signed by at least 2 witnesses.
3. Deed must contain an affidavit of good faith.
4. Deed must be accompanied by a certificate of oath [notarial acknowledgment].

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