Topic: Law on sales, agency, and credit transactions

Please answer the following questions. Thank you

Question 51

A chattel mortgage may have the following as object, except:

Group of answer choices

Shares of stock.

Floating docks and structures which are intended by their nature and object to remain at a fixed place on a river, lake or coast.

Motor vehicles.

Vessels.

Question 52

D obtained a 12-month loan of 100,000.00 from C. D constituted a mortgage on a certain lot which he knew belonged to X. On due date:

Group of answer choices

C cannot collect from D because the obligation is rendered void, D, the mortgagor, not being the owner of the mortgaged lot.

C cannot collect from D because the latter was not authorized by any power of attorney to mortgage the lot.

C can collect from D because although the mortgage is void, the loan obligation can stand independently from it.

C can collect from D because the mortgagor need not be the owner of the property.