Q. Mr. X executed a chattel mortgage over his house and lot to Mr. Y. When the obligation became due, Mr. X did not pay despite demand. (Solved)

1. Mr. Y has no right to foreclose the mortgage because the house and lot are not chattels.

2. Mr. Y has no right to foreclose the mortgage unless Mr. X consents to the foreclosure.

3. Mr. Y has no right to foreclose the mortgage because he can sue for collection.

4. Mr. Y may foreclose the mortgage because Mr. X is estopped from claiming the invalidity of the chattel mortgage over the real property, but foreclosure should be made under the procedure of a real estate mortgage.