69 1 pts On August 1, 2021, S sold to B a particular generator for P200,000.00. The terms provided for a down payment of P40,000.00 with the balance being payable in 16 equal monthly installments of P10,000.00 due on the first day of each month starting September 1, 2021. To secure payment of the balance, B issued to $ 16 postdated checks each amounting to P10,000.00 and dated on the first day of each month starting September 1, 2021, and constituted a chattel mortgage on the generator. The first four checks were honored by the bank when deposited, but the next three checks were dishonored by the bank due to insufficient funds. Accordingly, S foreclosed the chattel mortgage on the generator. However, the foreclosure sale resulted in net proceeds of only P100,000.00 or a deficiency of P20.000.00. O S may no longer recover the deficiency of P20,000.00. However, he can file a criminal case under the Bouncing Checks Law against B on the dishonor of the three dishonored checks. O S may recover the deficiency of P20.000.00 even if there was no stipulation to that effect. O S may recover the deficiency of P20,000.00 if there was stipulation to that effect. O S may recover the deficiency of P20,000.00, and file a criminal case under the Bouncing Checks Law against B on the dishonor of the three dishonored checks. Question 64 1 pts A, B and Care co-owners of a particular lot in the ratio of 2:3:4. A donated his share in the lot to X. Who has the right to acquire by legal redemption A's share in the lot? O Neither B nor C may exercise the right of legal redemption of A's share in the lot from X. O C, since he is the owner of the bigger undivided portion of the lot. O B. since he is the owner of the smaller undivided portion of the lot. O tither b orC, depending on who first expressed his desire to redeem As sharp from X Question 61 1 pts Which of the following statements is false? O The delivery of the thing pledged may either be actual or constructive O A third person may pledge his property to secure another person's obligation. O A thing already pledged may not generally be pledged a second time while the first pledged is existing. O The thing pledged may be delivered not to the creditor, but to a third person, by the common agreement between the debtor/pledgor and the creditor