Question
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
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?
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