EFFECTS OF THE CONTRACT WHEN

THE THING SOLD HAS BEEN LOST

 LOSS OF OBJECT BEFORE SALE
• NO PERFECTION
• NO CAUSE OR CONSIDERATION
• VOID CONTRACT
• SELLER BEARS THE LOSS
 PARTIAL LOSS
REMEDIES OF PARTIAL LOSS
1) WITHDRAWAL OR RECISSION
2) SPECIFIC PERFORMANCE AS TO REMAINDER
BY PAYMENT OF PROPORTIONAL PRICE
 LOSS OF SPECIFIC GOODS
REMEDIES:
1) CANCELLATION
2) SPECIFIC PERFORMANCE AS TO THE
REMAINING EXISTING GOODS