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Art. 1592.

In the sale of immovable property, even though it

may have been stipulated that upon failure to pay the price at
the time agreed upon the rescission of the contract shall of
right take place, the vendee may pay, even after the expiration
of the period, as long as no demand for rescission of the
contract has been made upon him either judicially or by a
notarial act. After the demand, the court may not grant him a
new term. (1504a)

Art. 1786. Every partner is a debtor of the partnership for

whatever he may have promised to contribute thereto.

He shall also be bound for warranty in case of eviction with

regard to specific and determinate things which he may have
contributed to the partnership, in the same cases and in the
same manner as the vendor is bound with respect to the
vendee. He shall also be liable for the fruits thereof from the
time they should have been delivered, without the need of any
demand. (1681a)

Art. 1788. A partner who has undertaken to contribute a sum

of money and fails to do so becomes a debtor for the interest
and damages from the time he should have complied with his

The same rule applies to any amount he may have taken from
the partnership coffers, and his liability shall begin from the
time he converted the amount to his own use. (1682)

Art. 1484. In a contract of sale of 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


(2) Cancel the sale, should the vendee's failure to pay cover
two or more installments;

(3) Foreclose the chattel mortgage on the thing sold, if one has
been constituted, should the vendee's failure to pay cover two
or more installments. In this case, he shall have no further
action against the purchaser to recover any unpaid balance of
the price. Any agreement to the contrary shall be void. (1454-

Art. 1485. The preceding article shall be applied to contracts

purporting to be leases of personal property with option to buy,
when the lessor has deprived the lessee of the possession or
enjoyment of the thing. (1454-A-a)

Art. 1486. In the case referred to in two preceding articles, a

stipulation that the installments or rents paid shall not be
returned to the vendee or lessee shall be valid insofar as the
same may not be unconscionable under the circumstances. (n)