A & B entered into a contract of pledge, where B delivered his car to A as security for the payment of an obligation in the amount of ₱2M. For failure of B to pay what is the remedy of A?
A)Appropriate the car as his own as provided for in the contract
B)Sell the car but must deliver to B the excess.
C)Sell the car but cannot recover any deficiency despite the agreement.
D)Sell the car and recover the deficiency because of the agreement in the contract of pledge.

Question

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The Answer of A & B entered into a contract of pledge, where B delivered his car to A as security for the payment of an obligation in the amount of ₱2M. For failure of B to pay what is the remedy of A?
A)Appropriate the car as his own as provided for in the contract
B)Sell the car but must deliver to B the excess.
C)Sell the car but cannot recover any deficiency despite the agreement.
D)Sell the car and recover the deficiency because of the agreement in the contract of pledge.

A & B Entered into a Contract of Pledge, Where