Country: Philippines

Subject: Law

1. 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 balance of 800,000 is payable in twenty equal

installments. B defaulted on the succeeding installments. S sued B for the collection

of the balance and the court rendered judgment in favor of S. S by execution of

judgment sold the car for P700,000. Can S recover the deficiency? Explain and Give reason/s?

2. 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 balance of 800,000 is payable in twenty equal

installments. B defaulted on his 2 or more installments so S foreclosed the mortgage

and sold it for P700,000. Can S recover the deficiency? Explain and Give reason/s?