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Chattel Mortgage

Act 1508

Art. 2140, NCC

Chattel Mortgage and Pledge

Sec. 14, Act No. 1508 and Art. 2112, NCC

Davao Sawmill vs. Castillo, 61 Phil 709

Extent of Chattel Mortgage:

Torres vs. Limjap, 56 Phil 141

Northern Motors, Inc. vs. Coquia, 66 SCRA 415

Acme Shoe Rubber and Plastic Corp. vs. CA, 260 SCRA 714

Essential Requisites and Formal Requisites and Registration

(Affidavit of Good Faith)

Objects of Chattel Mortgage

Piansay, et. al. vs. David, et. al., GR L-19468, October 30, 1964

Tumalad, et. al., vs. Vicencio, et. al., G.R. L-30173, September 30, 1971

Makati Leasing vs. Wearever Textie Mills, G.R. L-58469, May 16, 1983

After-acquired, future or substituted property

Torres vs. Limjap, G 34385, Sept. 21, 1931

After-incurred obligation

Acme Shoe, et al vs CA, et al, GR L-103576, August 22, 1996

Right of junior mortgagee (Art. 13)

Remedies

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GSIS vs CA, 170 SCRA 533

PNB vs International Corporate Bank, 199 SCRA 508

Ordinary action for sum of money; effects

Remedy of Mortgagee (Debtor)

GSIS vs CA, 266 SCRA 187

Redemption

Redemptioners- Sec. 6

Amount of redemption, also Sec. 47 of Gen. Banking Law

Period of Redemption, also Sec. 47 of Gen. Banking Law

Judicial Fpreclosure

Limpin vs IAC, 166 SCRA 87, 1988

Extrajudicial Foreclosure

Sec. 1, par. 3, SC Circular AM No. 99-10-05

Writ of Possession, Sec. 8, Act No. 3135

Jehi Construction Corp vs BPI, 524 SCRA 522

China Banking Corp vs Lozada, 557 SCRA 177

Sps Santiago vs. Merchant Rural Bank of Talavera, Inc. vs. 453 SCRA 756

Annulment of Sale

UCPB vs. Sps. Beluso, 530 SCRA 567