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Law On Sales: Course Outline

This document outlines the course on Law on Sales. It covers three main sections - Introduction, Object of Sale, and Price. The Introduction defines a contract of sale and its essential requisites. It also distinguishes a sale from other contracts. The Object of Sale section discusses what can be the subject of a sale contract, including existing goods, future goods, and undivided interests. The Price section addresses the requirements and certainty of price, who can determine it, and the effects of failing to specify or agreeing on price.

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Myrna B Roque
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437 views1 page

Law On Sales: Course Outline

This document outlines the course on Law on Sales. It covers three main sections - Introduction, Object of Sale, and Price. The Introduction defines a contract of sale and its essential requisites. It also distinguishes a sale from other contracts. The Object of Sale section discusses what can be the subject of a sale contract, including existing goods, future goods, and undivided interests. The Price section addresses the requirements and certainty of price, who can determine it, and the effects of failing to specify or agreeing on price.

Uploaded by

Myrna B Roque
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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LAW ON SALES

COURSE OUTLINE
— Atty. Karen T. Elnas —

I. INTRODUCTION

A. Definition of Sales (Arts. 1458, 1470)


B. Characteristics of a Contract of Sale
C. Essential Requisites of a Contract of Sale (Art. 1505)
D. Stages of Contract of Sale
E. Obligations Created – (Art. 1165)
F. Sale is Title and Not Mode
G. Sale Distinguished from other Contracts
1. Barter
2. Donation
3. Contract for piece of work
4. Agency to Sell
5. Lease
H. Kinds of Sale
1. Absolute
2. Conditional
i. Contract to Sell vs. Contract of Sale (Art. 1466)

CASES:
§ Sps. Pingol vs. CA, G.R. No. 102909, September 6, 1993
§ Dignos vs. CA, G.R. No. L-59266, February 29, 1988
§ Hulst vs. PR Buildiers, G.R. No. 156364, September 3, 2007

II. OBJECT OF SALE

A. Subject Matter must be Licit (Art. 1459)


B. Subject Matter must be Determinate (Art. 1460)
C. Sale of the Thing having Potential Existence
D. Sale of Hope or Expectancy (Art. 1461)
1. Emptio Rei Speretae
2. Emptio Spei
E. Sale of Existing and Future Goods (Art. 1462)
F. Sale of Undivided Interest (Art. 1462)
G. Sale of Fungible Goods (Art. 1464)
H. Sale of Things Subject to a Resolutory Condition (Art. 1465)

III. PRICE

A. Meaning of Price (Arts. 1469-1474)


B. Requisites for a Valid Price
C. Certainty of Price (Art. 1469-1574)
D. Who May Determine the Price (Art. 1473-1474)
E. Gross Inadequacy of Price (Art. 1470)
F. Effect when Price is Simulated
G. Certainty of Price of Securities, Grains, Liquids, etc. (Art. 1472)
H. Effect of Failure to Determine Price (Art. 1474)
I. Meeting of Minds as to Price
J. Manner of Payment Must be Agreed Upon

LAW ON SALES SYLLABUS


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