Superlines Transportation… · G.R. 150673

Petitioner: Superlines Transportation Company
Respondent: Icc Leasing
Citation: G.R. No. 150673
Court: Supreme Court
Division: Second Division
Decided: February 28, 2003

Summary

Supreme Court affirmed that a financing arrangement between ICC Leasing and Superlines Transportation for bus purchase was a commercial loan with chattel mortgage, not a consumer sale under Article 1484(3) of the Civil Code. The Court rejected Superlines' claim that ICC purchased buses from Diamond Motors Corporation and resold them, finding no evidence of such arrangement. Vehicle invoices clearly showed direct sale from Diamond Motors Corporation to Superlines, with ICC providing financing only. After Superlines defaulted and chattel mortgage was foreclosed, the Court upheld ICC's right to claim the deficiency under Chattel Mortgage Law, distinguishing commercial financing from consumer sales and emphasizing that chattel mortgages serve as security, not payment substitutes.

Statutes applied

Civil Code, Art. 1484

Related cases

Other Philippine cases on the same provisions and issues.

Elisco Tool Manufacturing Corporation v. Court of Appeals G.R. No. 109966
Daniel L. Borbon Ii v. Servicewide Specialists G.R. No. 106418
Leovillo C. Agustin v. Court of Appeals G.R. No. 107846
Rosario v. Pci Leasing G.R. No. 139233
Pci Leasing v. Giraffe-X Creative Imaging G.R. No. 142618
Magna Financial Services Group v. Elias Colarina G.R. No. 158635
Equitable Savings Bank v. Rosalinda C. Palces G.R. No. 214752
Santiago Gochangco v. R. L. Dean G.R. No. 23109

Other Philippine cases also address these provisions and issues.

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By the Intellegal Editorial Board · February 28, 2003

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