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Handout No. 6S
Handout No. 6S
6S
KINDS OF DELIVERY
1) Actual or Real (Art. 1497 NCC)
2) Legal or Constructive
e.g. delivery of the key of the place where the movable sold
is being kept
Transactions “on sale or return” – sale with resolutory condition; buyer has
option to return the goods instead of paying the price, ownership is vested to
buyer upon delivery but he may revest title to seller by returning within the period
fixed.
Sources: Pre-Week Memory Aid In All Bar Subjects, Garcia-Gracia, 1997 Edition
The Law on Sales, Agency and Credit Transactions, Hector De Leon
Civil Code of the Philippines, Book No. V, Edgardo Paras, 1995 Edition
A. Villegas