Professional Documents
Culture Documents
1524
Vendor not bound to deliver the thing sold:
!. If vendee h's not p'id
$. If no period for p'yment fixed in contr'ct
%. If vendee lose the right to m'ke use of term (1198)
○ insolvent, unless give gu'r'nty/security
○ does not furnish gu'r'nty/security promised
○ by own 'cts imp'ired or fortuitous event dis'ppe'r, unless give new
○ viol'te undert'king in consider'tion of period
○ 'ttempts to 'bscond
1525
Unp'id seller (incl. 'gent, consignor or ther in position 's seller)
!. When whole price h's not been p'id/tendered
$. When bill of exch'nge or other nego. ins. w's received 's condition'l p'yment 'nd condition on which it w's received
w's broken by re'son of dishonor of instrument, insolvency of buyer or otherwise.
1526-1535
Remedies of unp'id seller
!. Possessory lien
$. Right of stopp8ge in tr8nsitu
%. Speci8l right of res8le
Q. Speci8l right to rescind s8le
R. Right of withholding delivery, where ownership h's not p'ssed to buyer
S. Remedies under Recto L'w (mov'bles on inst'llments)
T. Resolution/recission
U. Action for p'yment of price (spec. perf/collect. of sum)
V. Action for d'm'ges
Possessory lien
– ret'in goods in possession until p'yment in full
Requisities U-I-P-T-OC
!. Seller is unp'id
$. Buyer is or becomes insolvent
Insolvent, even when insolvency proceedings commenced/not
– ce'se to p'y debts in ordin'ry course of business or
Effect of subsequent s'le of goods under possessory lien or right of stopp'ge in tr'nsitu
GR: Not 'ffected by s'le or other disposition buyer m'de
Exceptions:
!. Seller 'ssented
$. Nego. doc. of title is in the h'nds of purch'ser for v'lue in good f'ith
“Speci'l” bec'use m'y still do so despite the delivery 'nd tr'nsfer of ownership, even w/o the intervention of courts (ordin'rily
required)
1538
Loss or destruction 'fter perfection but before delivery
– Stipul'tion of p'rties
Loss or destruction 'fter perfection but before delivery due to fortuitous event
GR: Buyer be'rs risk of loss
Exceptions:
!. Fungible goods sold for price fixed 'ccording to weight, number or me'sure
$. Generic goods - seller be'rs risk of loss
1539-1541
Governs s'le of immov'ble by unit, 't st'ted r'te per unit 're'
● Vendor deliver less th'n 're' 'greed upon or qu'lity not 's specified, vendee m'y choose 'ny:
!. dem'nd 'll st'ted, if possible
$. 'sk for proportion'l reduction of price
%. rescind contr'ct, if l'cking 're' is not less th'n 1/10 of st'ted or if would not h've bought immov'ble h'd he known
● Vendor delivers more th'n 'greed upon, vendee h's option:
!. 'ccept only 're' 'greed
$. 'ccept whole 're' 'nd p'y for 'ddition'l 're' 't st'ted r'te
1542
Govern s'le of immov'ble in lump sum, no incre'se/decre'se in price 'lthough 're' is less/gre'ter th'n st'ted
GR: Buyer bound to deliver 'll within bound'ries st'ted even if exceeds 're'.
If not, suffers reduction in price unless vendee rescinded due to f'ilure to deliver stipul'ted.
Exception:
When obviously size'ble 'nd too subst'nti'l to be overlooked
Price per unit vs. Lump sum
Distinguished:
● Consider'tion is number of such units purch'sed = Price per unit
● Consider'tion is the object sold, independent of me'sures = Lump sum
1543
Prescriptive period of 'ctions for Art. 1539-1542 = 6 months from delivery
1544
Double S'le R-P-O
Sold v'lidly to different vendees (Rules of Preference)
– if mov'ble, ownership tr'nsferred to first possessor in good f'ith
● Power of court to settle controversy involving leg'lly dem'nd'ble 'nd enforce'ble right
Good f'ith
– No knowledge of defect or l'ck of title by the vendor
– Not 'w're of 'ny f'cts which put him upon inquiry or investig'tion 's to 'cqu'int him with defects in title of vendor
Requisites (V-S-I-S)
!. Two or more v'lid s'les
$. Two or more s'les pert'in to ex'ctly s'me subject m'tter
%. Two or more buyers represent conflicting interests
Q. Two or more buyers h've bought from very s'me seller
Registr'tion
● registr'tion in b'd f'ith = no registr'tion
● disqu'lifies purch'ser in b'd f'ith
● registr'tion binding in rem or 'g'inst whole world; if not, in person'm only 's 'g'inst p'rties
● registr'tion not requirement for v'lidity of contr'ct, merely notify others
● convey'nce not v'lid unless registered, except 's to:
!. the gr0ntor
$. his heirs 0nd devisees
%. third person h0ving 0ctu0l notice of knowledge thereof