1 minus 3/8 = 5/8 7/11 minus 3/11 = 4/11 3(whole) and 4/5 minus 2(whole) and 1/5 = 1 and 3/5 11(whole) and 3/4 minus 3(whole) and 1/5 = 8 and 11/20 6(whole) and 1/2 minus 5 = 1 and 1/2. rocktricia Â· 7 years ago.
From Wikipedia, the free encyclopedia. Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable personal property (the chattel) from the lender. The lender then secures the loan with a mortgage over the chattel.
When an interest is given on moveable property other than real property (in which case it is usually a 'mortgage'), in writing, to guarantee the payment of a debt or the execution of some action. sample text of a chattel mortgage follows: The term chattel mortgage is being gradually discontinued by legislators and contemporary legal drafters as is evidenced by BC's former Chattel Mortgage Act, now repealed, and the presence of the Personal Property Security Act, which is self-explanatory.