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Manila Motor Co., Inc. Vs. R. F. Fernandez 099 Phil 782

MANILA MOTOR COMPANY, INC., plaintiff-appellant, vs. R. F. FERNANDEZ, defendant-appellee.

G.R. No. L-8377 | 1956-08-28

D E C I S I O N


PARAS, C.J.:

On February 24, 1939, the defendant-appellee purchased from the plaintiff-appellant a second-hand Ford Sedan for P1,125, P100 being paid in cash and the balance being payable in 34 fifteen-day installments with interest at the rate of twelve per cent per annum. As a security, the appellee executed in favor of the appellant a chattel mortgage on the car. Up to July 21, 1940, the appellee had paid the first ten installments and a part of the eleventh installment, thereby leaving a balance of P775.17. The appellee having defaulted in paying the other installments, the appellant filed in 1940 a suit in which...