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Sol sold her only ring to Bethany for P80,000 under the following terms: (a) down payment of P50,000; balance payable at month end. As security,
Sol sold her only ring to Bethany for P80,000 under the following terms: (a) down payment of P50,000; balance payable at month end. As security, Bethany executed chattel mortgage on the ring. Bethany defaulted in the payment of the balance. By reason thereof, Sol foreclosed the chatter mortgage on the ring. However, only P15,000 was realized in the foreclosure sale. Can Sol still proceed against Bethany to collect the deficiency of P15,000?
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