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Article 1466
Sale Agency to sell
Title of the goods transfer to the buyer upon Title of the goods is retained to the seller
delivery of the thing sold despite of delivery of the goods to the agent
The buyer is required to pay the price The agent is required to turn over to the
principal the price of the goods which he
receives from the buyer
Article 1467
Contract of sale Contract for a piece of work
If ordered in the ordinary course of business Manufactured specially for the customer
upon his special order and not for the
general market
Article 1468
Sale Barter
Cause or consideration is in money Cause or consideration is another thing
If the intention is partly in money and partly If the intention is partly in money and partly
in another thing in another thing
Monetary consideration ≥ value of the thing Value of the thing given > monetary
given consideration
Article 1461
The thing having a potential of existence may be the object of a contract of sale
- one can sell the young animals that thereafter will be born or future harvest from a
farm. However, the thing must come into existence; otherwise the sale will not be
effective for not having a subject matter.
distintion
Sale of an expected thing Sale of the hope
(Emptio rei speratae) (Emptio spei)
Sale of future thing Deals with a present thing, the hope or
expectancy
The thing sold must come into existence The sale produces effects even if the thing
hoped for does not come into existence.
However, the sale of vain hope or expectancy
is void.
Article 1462
Object may be;
Existing goods owned or possessed by the seller
Future goods – goods to be manufacture, raised or acquired by the seller after the
perfection of the contract of sale of goods depends upon the contingency which may or
may not happen
Article 1463
The sole owner of a thing may sell an undivided interest therein
- Such sale shall produce the seller and the buyer became co-owner of the thing sold
Article 1464
Sale of fungible goods
Fungible goods
- Refer to interchangeable goods such as grain that allow one to be replaced by another
without loss of value
Rules if the quantity sold is different from the quantity of the mass
1. Quantity, weight or measurement of the mass > quantity sold – parties shall become
co-owners of the mass
2. Quantity of the mass < quantity sold – the buyer become the owner of the whole mass
and seller bound to deliver the deficiency of goods of the same kind and quality, unless
a contrary intent appears.
Article 1465
The subject to resolutory condition may be the object of a contract of sale