Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Xenon purchased on installment basis a Toyota Camry from Toyota Motors Philippines - Baguio City Sales Office. Having failed to pay his installments in the

Xenon purchased on installment basis a Toyota Camry from Toyota Motors Philippines - Baguio City Sales Office. Having failed to pay his installments in the amount of P800,000.00, Toyota Motors Philippines sued Xenon before the Municipal Trial Court in Cities of Baguio City for REPLEVIN (it is an action for the recovery of personal property) which was favorably granted by the court and directing Sheriff Mar-1 to seize the unit and sell it in an auction sale to obtain satisfaction of Xenon's obligation to Toyota Motors Philippines. At the auction sale, the Sheriff was able to sell the Toyota Camry for P500,000.00 leaving a balance of P300,000.00. Can Toyota Motors Philippines recover the balance in the amount of P300,000.00 from Xenon? Explain with legal reason.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Cases

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

11th Edition

324655223, 978-0324655223

More Books

Students also viewed these Law questions