Melwin M.

Calubayan

BS Accountancy 2B

Law on Sales

Answers:

1) Article 1527;

a) Where the goods have been sold without any stipulation as to credit.

b) Where the goods have been sold on credit, but the term of credit has been expired.

c) Where the buyer becomes insolvent.

2) Article 1529;

a) When he delivers the goods through a carrier or other bailee for the purpose of transmission to the
buyer without reserving the ownership in the goods or the right to the possession thereof.

b) When the buyer or his agent lawfully obtain possession of the goods.

c) By waiver thereof.

3) Article 1530;

The unpaid seller who has parted in the possession of the goods may resume possession of the goods at
any time while they are in transit, and he will then become entitled to the same rights in regard to the
goods as he would have had never parted with the possession.

4) Article 1530;

a) When unpaid seller has parted with the possession of the goods.

b) The buyer of the goods is or become insolvent.

5) Article 1533;

a) Goods are of perishable nature.

b) The seller expressly reserves the right of resale in case the buyer should make default.

c) The buyer has b

6) Article 1534;

a) The seller expressly reserve the right to do so.

b) The buyer has been in default in the payment of price for an unreasonable time.