Ownership of a thing is transferred to Ownership is transferred to buyer upon

the creditor to settle a monetary delivery but he has the option to revert
obligation such ownership to the seller

Lacks formalities but nevertheless Ownership of the thing sold is retained

shows the real intention of the parties to by the seller despite delivery to the
create a specific property to secure the buyer, but the latter agrees to pay if he
performance of an obligation finds the thing satisfactory
They refer to interchangeable goods Delivery that takes place when the
that allow one to be replaced by another buyer who was in possession of the
without loss of value thing sold at the time of sale continues
to be the owner
Proof of the perfection of a contract of Negotiated by indorsement
sale

Includes a warehouseman, carrier or Sale of property to the highest bidder

other person who receives the
possession or custody of the thing
delivered
Even professional inspection is not The party in a contract of sale who is
sufficient to discover it obligated to transfer the ownership of
and to deliver a determinate thing

Exercised by the seller by obtaining Consideration paid for the purpose of

actual possession of the goods or by
giving notice to the carrier having actual
possession of the goods
It is made by the buyer with knowledge
of the risk of eviction; hence, the seller
will not have any liability if the buyer is
evicted
The person obligated to pay the price of
the thing purchased
holding one to his promise to buy or sell
a determinate thing for a certain period
of time
Applies to persons who, under certain
circumstances cannot purchase certain
property
Delivery through the execution of a
public instrument
Delivery of a movable by mere
agreement of the parties if the thing
cannot be transferred to the vendee at
the time of sale
Negotiated by mere delivery
It is made by the buyer without
knowledge of the risk of eviction
The consideration of the contract is
another thing
Applies to persons who cannot bind
themselves in a contract including a
contract of sale
Document used as proof of control of
the goods, or authorizing the possessor
of document to transfer or receive the
goods represented
Right given to an adjoining owner of an
urban land to purchase the same ahead
of others if such land is held for
speculation
The sum stipulated as the equivalent of
the thing sold
The right to be subrogated upon the
same terms and conditions stipulated in
the contract, in the place of one who
acquires a thing by purchase
Deprivation by final judgment of the
vendee of the whole or part of the thing
sold based on a right prior to the sale or
an act imputable to the vendor
Refer to goods to be manufactured,
raised or acquired by the seller
The sale of hope or expectancy
Includes one who has received as
conditional payment for goods but the
condition has been broken by reason of
dishonor or insolvency of the buyer
Include everything indispensable for
sustenance, dwelling, clothing, medical
attendance, education and
transportation
The balance is payable in its entirety
after the payment of an initial sum
A contract for the delivery at a certain
price of an article to be manufactured
specially for the customer and upon his
special order
An unpaid seller’s right to retain the
goods for the price while he is in
possession of them
Remedy of buyer to withdraw from the
sale and ask for damages
Seller’s undertaking that the buyer shall
enjoy legal and peaceful possession of
the thing sold
Stipulation in a contract of sale involving Person employed by the seller or
an immovable that the sale is
automatically rescinded upon failure of
the buyer to pay the price
Delivery of the keys of the place where
a movable is kept or stored
Contract for the storage of goods for a
compensation
Buyer’s remedy which involves the
proportionate reduction in the price of
the thing purchased
A unilateral promise to buy or sell a
thing which is not accepted by the
promisee
It has for its purpose the transfer to
another person of the right to collect the
debt
An encumbrance imposed upon an
immovable for the benefit of another
immovable belonging to a different
owner
auctioneer to raise the price in an
auction sale
Document issued by a common carrier
acknowledging the receipt of the goods
and agreeing to transport and deliver
them to a specified place
Right of the seller to repurchase the
thing sold and the exercise of which was
reserved by the seller at the time of sale
Delivery that takes place when the seller
continues in possession of the thing sold
after the sale but as lessee, depositary
or otherwise
The creditors are given the right to sell
the debtor’s properties and apply the
proceeds to their respective claims
Sale of an expected thing