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Accounting S sold to B a car for P1M. The condition for the sale is for B to execute a chattel mortgage on the thing
Accounting S sold to B a car for P1M. The condition for the sale is for B to execute a chattel mortgage on the thing sold. The term of the sale is for B to pay a down payment of P200,00 and the balance to be paid on July 15, 2020. However, the balance was not paid by the buyer so S foreclosed the chattel mortgage on the thing sold. It was sold for P700,000. Can S recover the deficiency? Give reason/s?
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solution No S can not recover the deficiency Explanation In the sales of movable personal property i...
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Physics Principles with Applications
Authors: Douglas C. Giancoli
7th edition
978-0321869111, 321625927, 9780321733627, 321869117, 9780321625922, 321733622, 978-0321762429
