UNIVERSITY OF THE PHILIPPINES

COLLEGE OF LAW

SALES

INTRODUCTION

Definition of Sale -- Art. 1458

Nature of the Obligations

Essential requisites of a contract of sale

1. Consent

2. Determinate subject matter

3. Price

Stages of contract of sale

1. Negotiation

2. Perfection

3. Consummation

Characteristics of a contract of sale

1. Nominate

2. Principal

3. Consensual -- Art. 1475

4. Bilateral and Reciprocal

5. Onerous

6. Commutative

139173. BRYC-V Development Corporation G. 1643 Contract of sale -. 1245 6. Dacion en Pago -.Arts. 2007 Nabus v. Nov.R. Arco 72 Phil 402 (1941) 5.Arts. 1478 Luzon Brokerage v. 2011 Contract to sell -. Feb. 1638 to 1641 3. Parsons 38 Phil 501 (1918) Puyat v.Art. 1996 Castillo v. No. CA G.R. Lease -. 1713 to 1715 Celestino v. July 5. Donation -. Contract for Piece of Work -. CA 158 SCRA 375 (1988) Sps. 2009 . 188064.R. No.Arts. Agency to Buy or Sell -. July 31.R. Herrera v.Art. 118203.Arts. No. Tuparan G. 179653. 1468. 1467. 1868 Quiroga v. Barter or Exchange -. 1. 25. Jun. Caguiat G. 2009 Reyes v. 1466. Reyes 539 SCRA 193 (2007) United Muslim and Christian Urban Poor Association v. Pacson G. 28.Sale distinguished from other contracts 1.Art. Maritime Building 43 SCRA 93 (1972) Salazar v. 745 and 1471 2. Collector 99 Phil 841 (1956) Commissioner v.R.Arts. No. 161318. No. 1458 Dignos v. Engineering Equipment 65 SCRA 590 (1975) 4.