Article1484: In a contract of sale a personal property, the price of which is payable in installments, the

vendor may exercise any of the following remedies:

1. Exact fulfillment of the obligation, should the vendee fail to pay;

2. Cancel the sale, should the vendees failure to pay cover two or more installments
3. Foreclose the chattel mortgage on the thing sold, if one has been constituted, should the vendees
failure to pay cover two or more installments. In this case, he shall have no further action against
the purchaser to recover and unpaid balance of the price. Any agreement to the contrary shall be
void.

Remedies of vendor in sale of personal property payable in installments

1. Elect fulfillment upon the vendees failure to pay;

2. Cancel the sale, if the vendee shall have failed to pay two or more installments.
3. Foreclose the chattel mortgage, if one has been constituted, if the vendee shall have failed to pay
two or more installments.

Right of vendor to recover unpaid balance of purchase price:

1. Remedy of specific performance.

Vendor(1) is not limited to the proceeds of the sale, on execution of the mortgaged goods, he
may still recover from the purchaser the unpaid balance of the price, if any on the real and
personal properties of the purchase not exempt by law from attachment or execution.
2. Remedy of cancellation
Rescission/Cancellation (vendee failure to pay 2 or more installment) the latter can
demand only the return of payments already made unless there is a stipulation about the
forfeiture
3. Remedy of foreclosure
Foreclosure of the chattel mortgage he shall have no further action against the vendee
for the recovery of any unpaid balance of the price and any agreement to the contrary is
void. The foreclosure is effected by selling the mortgaged personal property at public
auction and applying the proceeds of the sale to the satisfaction of the claim secured by
the mortgage