Question
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.
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? Give reason/s?
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Labor and Employment Law Text and Cases
Authors: David Twomey
15th edition
1133188281, 978-1133711841, 1133711847, 978-1285247632, 978-1133188285
