Liezel O.

Carandang
BSBA-Legal Management

Art. 1505
Sale by a person not the owner
1.) Where the owner of the good is, by his conduct, precluded from being denying the
seller’s authority to sell.
2.) Where the law enables the apparent owner to dispose of the goods as if he were the
owner thereof.
3.) Where the sale is sanctioned by statutory or judicial authority.
4.) Where the sale is made at merchant’s stores, fairs or markets.
5.) Where the seller has a voidable title which has not been avoided at the time of the sale.
6.) Where seller subsequently acquires title.
Art. 1506
Sale by one having a voidable title.
1.) Requisites for acquisition of good title buyer.
2.) Basis of rule.
Art. 1507
Nature and Function of documents of title.
1.) Receipt of, or orders upon, a bailee of goods represented.
2.) Evidence of transfer of title and possession of goods and contract between the parties.
Most common forms of documents of title.
1.) Bill of Lading.
2.) Dock Warrant.
3.) Warehouse receipt.
Classes of documents of titles.
1.) Negotiable documents of title
2.) Non-Negotiable documents of title
Art. 1508
Negotiation of Negotiable document by delivery.
Art. 1509
Negotiation of negotiable document by indorsement.
Art. 1510
Negotiable documents of title marked “non-negotiable.”
Art. 1511
Liezel O. Carandang
BSBA-Legal Management

Transfer of non-negotiable documents.

Art. 1512
Persons who may negotiate a document.