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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Chattel Mortgage Law » CONTENTS REQUIRED IN THE AFFIDAVIT OF GOOD FAITH

CONTENTS REQUIRED IN THE AFFIDAVIT OF GOOD FAITH

Message [Page 1 of 1]

1 CONTENTS REQUIRED IN THE AFFIDAVIT OF GOOD FAITH Sun Sep 21, 2008 10:34 am

barrister

Reclusion Perpetua

Posts : 318
Join date : 23/08/2008

1. Where the parties severally swear that the mortgage is made for the purpose of securing the obligation specified and for no other purpose and that the same is a just and valid obligation and not one entered into for fraud; and,
2. Property given in chattel mortgage must be described to enable the parties or any other
person after reasonable inquiry and investigation to identify it.

Message [Page 1 of 1]

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