Special Commercial Law, Part IV - The Chattel Mortgage Law (Act 1508 in rel. to Arts. 1484, 1485, 2140 and 2141 of the Civil Code)

Preliminaries:

Definition of Chattel Mortgage

            Characteristics

            Distinguished for Pledge

           

A. Essential requisites

B. Formal requisites

C. Registration, when and where

E. After-acquired property

F. After-incurred obligation

G. Right of junior mortgagee

H. Foreclosure procedure           

I. Redemption

J. Claim for deficiency

1. General rule

2. Exception

3. Article 1484

Cases:

1.    Union Bank v. Juniat, et al., G.R. No. 171569, August 1, 2011

2.    Acme Shoe Rubber & Plastic Corp and Chua Pac v. Hon. Court of Appeals, Producers Bank of the Philippines and Regional Sheriff of Caloocan City, G.R. No. 103576, August 22, 1996

3.    Servicewide Specialists, Inc. v. Court of Appeals, Hilda Tee, and Alberto Villarica, G.R. No. 11408, November 19, 1999