Sales Outline 2 - July 30

Subject Matter of Sale - Art. 1347 (Things and Rights)

Art. 1461-1465
Define and give examples of the following:
-must be licit (1459)
- illicit per se v illicit per accidens
- within the commerce of man (1347)
- not impossible (1348)
- future inheritance vs interest in an inheritance (1347)
- determinate OR determinable things (1458, 1460; 1349)
- generic things
- fungible goods (1464)
- thing having a potential existence (1461)
emptio rei speratae v emptio spei
- goods whose acquisition by seller depends upon contingency (1462)
- things subject to a resolutory condition (1465)
- acquired under legal or conventional redemption
- property subject to reserva troncal
- future goods (1347, 1462)
- undivided interest in a thing (1463)
- “nemo dat quod non habet” (1459 and 1434)
-Relate to transfer of ownership at time of delivery
Exceptions - 1505,1506 Relate to Art. 559
1. Yu Tek and Co. v Gonzales
2. Compana Gen. de Tabacos v CA
3. Heirs of San Andres v Rodriguez
4. Pichel v. Alonzo
5. EDCA Publishing v Santos
6. Tagatac v. Jimenez
7. Quijada v CA
Price - Arts. 1469-1474; Art 1355, 1381(1)(2) 1386
- price certain or capable of being ascertained in money or its equivalent
- includes manner of payment
- determination / fixing of price
8. Tan Tiah v Yu
9. Toyota Shaw Inc. v CA
- inadequacy of price in voluntary sales (gen rule and execptn)
10. Ong v Ong
11. Aguilar v Rubiato
- inadequacy of price in involuntary sales(gen rule and exceptn)
12. PNB v Gonzales
13. De Leon v Salvador
- absolute and relative simulation of contract 1345
false price - contract valid but subject to reformation Art 1359
simulated price - void contract 1471 and 1353
14. Heirs of Ureta vs Heirs of Ureta

Parties to a Sale
a. Consent - meeting of the minds upon the thing and the price
- consent that affects perfection of the contract
 - when nonfulfillment of condition prevents perfection of the contract
- when nonfulfillment of condition affects performance of the obligation
15. Review: People’s Homesite vs CA, Romero vs CA
16. Add: Lim vs CA
b. Capacity to give Consent
- General Rule - Art. 1489 (1)
- Absolute Incapacity - Art. 1327, 1390. Relate to Art 1489 (2)
- Relative Incapacity - Art 1490
(See Arts. 87, 96, 124, 194 Family Code) Arts. 1491, 1492
NOTE: Know the RATIONALE for the prohibitions and the EFFECTS on the legality of the contract

Cases:
17. Guiang cs CA
18. Medina v Coll. of Int Rev
19. Ching v Goyanko Jr.
20. Cruz vs CA
21. Cook v McMicking
22. Malabuena vs Cervantes
23. Rubias v Batiller
24. Fornilda v Br. 164 Pasig RTC
25. Lao vs Genato
26. Maharlika Broadcasting v. Tagle
27. Paragas v Heirs of Balacano
28. Mercado v Espiritu
29. Fabillo v IAC