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SALES

(Arts. 1458 1637)


Atty. Jack Andrew O. Miranda

Reference Material:
- Any book on Civil Law Sales

I. Basic Principles (Art. 1458; 1466 1468)


a. Definition contract of sale
b. Characteristics of a contract of sale
c. Life cycle of a contract of sale
d. Contract of sale distinguish from other contracts
e. Requisites of a contract of sale

II. Parties to a contract of sale (Arts. 1489 1492)


a. General rule
b. Related provisions

III. Subject matter (Arts. 1459 1465)


a. Requisites of a valid subject matter
b. Legality of the sale

IV. Price (Arts. 1469 1474)


a. Essential requisites
b. Determination of price
c. Inadequacy of price

V. Formation of contract of sale (Arts. 1475 1488; 1520-21)


a. Preparatory Stage
a.1 Option contracts
a.2 Mutual promises to buy and sell
b. Perfection
b.1 Earnest Money
b.2 Option Money
c. Form of sales
c.1 General rule
c.2 Exceptions

VI. Consummation (Arts. 1493 -1506) and performance of contract (Arts.


1536 1544; 1582 1590)
a. Obligations of seller
b. Types of delivery (Art. 1477)
c. Transfer of ownership (Arts. 1477-78)
d. Completeness of delivery
e. Obligations of buyer
f. Double sales

VII. Documents of Title (Arts. 1507 1520)


a. Definition (Art. 1636)
b. Purpose
c. Negotiable documents of title

VIII. Remedies of parties for breach of contract of sale (Arts. 1594 - 1599)
a. Part of seller
a.1 unpaid seller of goods (Arts. 1524 1535)
a.2 installment sale (Arts. 1484 1486)
b. Part of buyer

IX. Rescission in sales contracts covering immovables (Art. 159- -15922)

X. Conditions and warranties (Arts. 1545 1581)


a. Conditions
b. Warranties
b.1 express vis--vis implied warranties
b.2 effects of warranties
b.3 buyers option in case of breach of warranty

XI. Extinguishment of sale (Arts. 1600 1623)


a. Causes for extinguishment
b. Conventional redemption
c. Legal redemption

XII. Assignment of credits and other incorporeal rights (Arts. 1624 1635)
XIII. Maceda law

XIV. Condominuim Act

Cases:
1. CIR vs. Eng. Equipment & Supply Co., 64 SCRA 590
2. DINO vs. CA 359 SCRA 91 (2001)
3. David v. MOELCO, 676 SCRA 367
4. Ace Food INC. v. Micro Pacific Tech., 712 SCRA 679
5. Recio v. Heirs of Sps. Altamirano, 702 SCRA 137
6. Formaran v. Ong, 700 SCRA 758
7. Eng. & Machinery Corp. v. CA, 252 SCRA 156
8. Olivarez Realty Corp. v. Castillo, 729 SCRA 544
9. Starbright Sales v. PRC, et. al., 663 SCRA 326
10.Quijada, et.al. v. CA, 299 SCRA 695
11.Carabeo v. Sps. Dingco, 647 SCRA 200
12. Iglesia Filipina v. Taeza, 715 SCRA 138
13. Alcantara v. Nido, 618 SCRA 333
14. Catindig v. Vda. De Meneses, 641 SCRA 350
15.ECE Realty v. Mandap, 734 SCRA 76