Contract of sale

Contract of sale....................................................................................................................1
1.Consensual contract..........................................................................................................2
2.Elements of (COP)............................................................................................................4
3.Presumption......................................................................................................................7
4.General rule.......................................................................................................................7
From the case: G.R. No. 133638, April 15, 2005, PERPETUA VDA. DE APE, Petitioner,
vs.THE HONORABLE COURT OF APPEALS and GENOROSA CAWIT VDA. DE
LUMAYNO, Respondents.

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1. Consensual contract

1.1. Perfected by mere consent

1.1.1. Thus, parties may reciprocally demand performance

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1.1.1.1. Vendee may compel

1.1.1.1.1. Transfer of ownership

1.1.1.1.2. Delivery of the object
1.1.1.2.

Vendor may compel payment in money or its equivalent

(price)
1.2. Born from meeting of the minds

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1.2.1. Upon the object of the sale, and

1.2.2. Upon the price

1.2.2.1. In money
1.2.2.2. Or its equivalent

2. Elements of (COP)

2.1. Consent

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2.1.1. The essence is agreement of the parties / concurrence of the

minds

2.1.1.1. on the object

2.1.1.2. and the cause which constitutes the contract
2.1.1.3. agreement must extend to all points deemed material by the
parties else no consent
2.1.2. Requisites [FIS]

2.1.2.1. Free

2.1.2.1.1. vitiated by Violence / Intimidation / undue influence

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2.1.2.2. Intelligent

2.1.2.2.1. Vitiated by Error /Mistake

2.1.2.3. Spontaneous

2.1.2.3.1. vitiated by Fraud

2.2. Object
2.3. Price

2.3.1. In money or
2.3.2. Its equivalent
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3. Presumption

3.1. That a person takes ordinary care for his concerns and that private
dealings have been entered into fairly and regularly.

4. General rule

4.1. He who alleges otherwise must show proof against the presumption

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