Answer the folowing questions with a legal basis:

2. Mel is a 5th year student at the University of Baguio. Since times are getting difficult, Mel is unsure whether she can still continue studying. In order to solve this problem she decided to sell her very expensive and Original Kylie Jenner Make Up Kit worth FOUR HUNDRED EIGHTY THOUSAND PESOS (Php 480,000) to Kyla. Since Kyla is also a student and cannot pay straight, they decided that Kyla can pay the make up kit for 12 equal installments starting on September 1, 2020. Since the Make up kit is very expensive, Mel and Kyla agreed that the make up kit will also be covered by a chattel mortgage so incase Kyla fails to pay, Mel may foreclose the chattel mortgage on the expensive make up kit.

After giving the first payment on September 1, 2020, Kyla then failed to give the succeeding payments.

Does Mel have any remedy against Kyla for failing to give the succeeding payments?

3. Joro is a 3rd year accountancy student in the University of Baguio. Due to the ongoing pandemic, Joro had been having problems with his finances and was unsure whether he could enroll or not. In order to solve this problem, he decided to borrow money from Jakaree, a notorious money lender in Baguio city. Jakaree lent Joro some money under the agreement that Joro would give his one and only bicycle as security. They likewise agreed that incase Joro fails to pay Jakaree the amount within 3 months, Jakaree would then be the owner of the bicycle. After 3 months, Joro failed to pay Jakaree. And so Jakaree went to burnham and drove Joro's bicycle as its new owner. Joro wants his bike back because of all the memories he had in it. Joro comes to you as his law-knowledgeable friend and asks you if he can still get the bike back or if he even has a right over the bike considering that he failed to pay Jakaree. What will you advice Joro?