34‘ [n a contract of sale of personal property, the price which is payableil’ mmllments, the vendor may

exercise any of the following remedxey

exwpti _ 7 A Exact fulfillment of the obligation, should the vendee fail t0 P8

any installment.

V” .1} Cancel the sale, should the vendee's failure to pay cover Mo 01

‘ more installment. Fondose the chattel mortgage on the thing sold. if one has been “ constituted should
the vendee’s failure to pay cover two or more installments. ‘ Resdnd the sale should the vendee fail to
pay any installment”

““5 special form of payment is conveyance of the ownership of the thing f‘ equivalent of performance.

“ Dadon in payment or dacion en pago

._ Assignment of property or cession en page

G. Application of payment

¢ Tenderof payment and consignation35

“,9“ Mint to Y for P50. 000. No date was fixed for the performance cl I’m of the seller and the buyer. The
obligation of X' 13: e. To deliver the car immediately because the sale is a perfected W h. “deliver the car
only after Y writes to X demanding the delivery of the at. c. To deliver the car after Y pays X the P 50,000.
1 To lesdnd the contract anytime.36

austere is stipulation to the contrary, the expenses for the execution I'M of the sale shall be borne by: l
Thevendee .The vendor l‘Ihe vendee and the vendor ‘The agent or broker?‘7

LAW