the following: 1. Which of the following is a correct statement? A. Recto law is applicable in sale of a piece of land in installment basis. B. Recto law applies in sale of a condominium unit through installment. C. Recto law is a protection granted to the buyers against the seller of movable property through installment. D. All of the above 2. Betina sold her car to Mike for P20,000.00 payable in four (4) equal installments. But as a security, Mike has to mortgage the car to her. There was however a stipulation that supposed there is a deficiency during the foreclosure sale, Mike is to pay the deficiency. Mike was able to pay the 2 installments but failed to pay the last two. Betina foreclosed the mortgage. During the sale the proceed is only P5000. Which of the following is a correct statement? A. Betina can recover P3000 from Mike. B. Betina can recover the amount of P5000 because there was an agreement for the recovery of deficiency. C. Betina cannot recover anymore even if there is stipulation because such stipulation is void. D. None of the above 3. In chattel mortgage and Pledge, there is a need to deliver the personal property to the debtor in order to have a perfected contract. True False 4. Affidavit of good faith is always necessary in a chattel mortgage to be valid for both parties. True False 5. . In real estate mortgage, the owner of the thing may still sell the same even during the existence of the mortgage. True False