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Manila Motor Co. vs. Mara?a

MANILA MOTOR CO., INC., plaintiff-appellee, vs. ANICETO MARA?A, defendant-appellant.

G.R. No. 45337 | 1939-04-10

D E C I S I O N


MORAN, J:

On October 6, 1933, defendant herein bought by installments from the plaintiff, Manila Motor Co., Inc., a second hand truck and paid therefor the initial sum of P300. A promissory note was executed for P1,629.83 representing the balance of the purchase price with its corresponding interest, and as security for its payment a chattel mortgage was executed upon the truck purchased. The mortgage deed carried the following recital:

"That the mortgagor hereby authorizes the mortgagee to become a purchaser of the property herein mortgaged at any sale made thereof, and in case the amount realized at sale is...