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  • Cpat Mini Notes - Law On Sales

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    Cpat Mini Notes- Law on Sales

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    102 Ansichten10 Seiten

    Cpat Mini Notes - Law On Sales

    Hochgeladen von

    Zaaavnn Vannnnn
    /

    Copyright:

    © All Rights Reserved
    Als DOCX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 10

    CPA in Transit Reviewer: Law on Sales

    2017-2018 ed. RFBT

    CPA IN TRANSIT
    REVIEWER
    (CPATR)

    MINI NOTES

    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    Law on Sales

    Elements of a Contract of Sale


    1. Essential Elements
    a. Consent
    b. Determinate object
    c. Price certain in money
    2. Natural Elements
    a. Warranty against eviction
    b. Warranty against hidden defects and encumbrances
    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    3. Accidental Elements- stipulations of the contracting parties

    Characteristics of a Contract of Sale

    1. Consensual 4. Onerous
    2. Principal 5. Commutative
    3. Bilateral 6. Nominate

    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT

    Sale vs Donation

    Sale Donation
    Onerous Gratuitous
    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    Perfected by donee’s
    Perfected by mere consent
    acceptance

    Sale vs Barter

    Sale Barter
    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    Cause or Cause or
    consideration is in consideration is
    money another thing

    Sale vs Contract for Piece of Work


    Sale Contract for Piece of Work

    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    Ordered in the ordinary Made for customer by his
    course of the business special order
    Thing already existed and
    Thing transferred existed
    can be a subject of sale to
    due to the order.
    other persons
    Within the statues of fraud Not within

    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    Sale vs Dacion En Pago
    Sale Dacion en Pago
    No pre-existing debt Pre-existing debt
    Creates an obligation Extinguishes an obligation
    Freedom in determining Price is value of the thing
    price given
    The cause or consideration Cause is the extinguishment
    is the price and the delivery of the obligation and the
    of the object delivery of the object

    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT

    Contract of Sale vs Contract to Sell


    Contract of sale Contract to sell
    Ownership is transferred upon Ownership is transferred upon
    delivery full payment
    Non-payment is a resolutory Full payment is a positive
    condition suspensive condition
    Sale is already perfected No perfected sale yet
    Subsequent buyer is presumed Subsequent buyer is presumed
    to be in bad faith to be in good faith

    Mini notes
    CPA in Transit Reviewer: Law on Sales
    2017-2018 ed. RFBT
    Vendor loses and cannot recover
    Title remains in the vendor if the
    ownership of the thing sold until
    vendee does not comply with
    contract of sale is resolved and
    the conditions of the contract
    set aside

    Mini notes

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