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Mr. Yoso needs money and he has decided to mortgage his car for P 50,000. Failure to pay, the Mortgagee took possession of the car

Mr. Yoso needs money and he has decided to mortgage his car for P 50,000. Failure to pay, the Mortgagee took possession of the car and used the same in his business at the objection of the Mortgagor. Decide? 20 points

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