Adam Monarch Is Quite Well Off

Multiple Choice

Adam Monarch is quite well off. He is selling one of his unincorporated farms and all its equipment to young Carl Gardner. Carl has very little cash but lots of potential for being a good farmer. Adam is willing to finance the sale under the easiest of terms, yet he wants to retain the best security possible. For security, Adam will accept a combination first mortgage and

A) chattel mortgage.
B) second mortgage.
C) pledging of equipment.
D) conditional sale contract.
E) floating charges.