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Country: Philippines Subject: Law S sold to B a car for P1M. The condition for the sale is for B to execute a chattel mortgage

Country: Philippines

Subject: Law

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? Explain and Give reason/s?

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