Personal property, such as household goods or fixtures.
A clause permitting a later mortgage to take priority over an existing mortgage.
One named in a will to carry out its provisions.
A county clerk's certificate attached to a notarial act.
Correct Answer
A. Personal property, such as household goods or fixtures.
AI Explanation
The booklet's "Chattel" definition is straightforward: personal property, such as household goods or fixtures. For contrast, real property concerns land and interests in land, while "chattel paper" is a separate commercial term referring to a writing evidencing both a money obligation and a security interest in goods or a lease.
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