HANDOUT NO.

1S

Kinds of Sales

(a) As to the nature of the subject matter:

1) sale of real property
2) sale of personal property

(b) As to the value of the things exchanged:

1) Commutative sale
2) Aleatory sale

(c) As to whether the object is tangible or intangible:

1) sale of property (tangible or corporeal)
2) sale of a right

(d) As to the validity or defect of the transaction:

1) valid sale
2) rescissible sale
3) voidable sale
4) unenforceable sale
5) void sale

(e) As to the legality of the object:

1) sale of licit object
2) sale of an illicit object

(f) As to the presence or absence of conditions:

1) absolute sale (no condition)
2) conditional sale

(g) As to whether wholesale or retail:

1) wholesale
2) retail

(h) As to the proximate inducement for the sale:

1) sale by description
2) sale by sample
3) sale by description and sample (Art.1481 CC)

(i) As to when the price is tendered:

1) cash sale
2) sale on the installment plan
Sources: The Law on Sales, Agency and Credit Transactions, Hector S. De Leon
Civil Code of the Philippines, Book No. V, Edgardo Paras, 1995 Edition
Obligations and Contracts Desiderio P. Jurado, 1993 Edition
A. Villegas