Question
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
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 Xenons 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.
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