I and my friend "X" bought a car from a car company (ABC, Corp.) payable by monthly installment. When the car was already in our possession but before first monthly due set in, we decided to look for a buyer who is willing to pay us P300K and also willing to undertake our monthly obligation to ABC, Corp. My friend X told me that he knew a prospective buyer "Y" and will try to convince him to give us P300K and to undertake our monthly obligation. X approached Y and able to convince Y to give us P300K and to undertake our monthly obligation to ABC, Corp. Y had been paying the monthly due but not until the 4th monthly installment. From the time the 4th monthly due set in until now, Y lost his interest in fulfilling his undertaking. The worst thing now is he is hiding, nowhere to be found. Same with X.
My problem now is ABC Corp is demanding the return of the car and told me that if I won't return the car they will sue me, civilly and criminally.
Considering the foregoing premises, I would like to ask the following questions:
1. What would be the case that might be filed by ABC Corp against me? Will I be sued for estafa, carnapping?
2. Can I file a case against Y or X or both?
3. What can I do to retrieve the car so I can return it to ABC?
Please reply... I really need your legal opinion on this matter. THANK YOU.