Definition: Contract of Sale
Category: Sales
Definition of a contract of sale
The contract of sale is an agreement whereby one of the parties obligates himself to deliver something to the other who, on his part, binds himself to pay therefore for a sum of money or its equivalent. (Art. 1458 NCC)
Parties in a Contract of Sale
a. Seller or Vendor- Obligates to deliver something
b. Buyer or Vendee- binds himself to pay for the thing delivered in money or its equivalent.
Newer Philippine Law Resources:
Popular in BATASnatin:
Definition: Contract of Sale
Category: Sales
Definition of a contract of sale
The contract of sale is an agreement whereby one of the parties obligates himself to deliver something to the other who, on his part, binds himself to pay therefore for a sum of money or its equivalent. (Art. 1458 NCC)
Parties in a Contract of Sale
a. Seller or Vendor- Obligates to deliver something
b. Buyer or Vendee- binds himself to pay for the thing delivered in money or its equivalent.
Newer Philippine Law Resources:
Popular in BATASnatin:
BATASnatin The Firm
Latest @ Forums
-
-
- Shema Corporation legal ba?
- In General Discussion
- 6 days, 17 hours ago
-
-
-
- foreclosed property, i need guides please help me
- In I Need A Lawyer!
- 2 weeks, 3 days ago
-
-
-
- i cant access even the demo
- In Law MCQuizzer
- 2 weeks, 3 days ago
-
Popular
- 1
- 2
- 3
SUGGESTED ANSWERS …
ANSWERS TO BAR EXAMINATION QUESTIONS IN POLITICAL LAW ARRANGED BY TOPIC (1990 – 2006) Edited and Arranged by:Silliman University College of Law Batch 2005Updated by:DondeeD’ BAR-Retake 2007 From the ANSWERS TO BAR EXAMINATION QUESTIONS by the UP LAW COMPLEX & PHILIPPINE ASSOCIATION OF LAW SCHO...
Read moreOral Defamation l S…
Kinds and Definition of Slander or Oral Defamation Definition: Speaking of base and defamatory words which tend to prejudice another in his reputation, office, trade, business or means of livelihood Two kinds of oral or verbal defamation: (1) Grave Slander (2) Simple Slander A. Factor...
Read moreArticle I – THE NAT…
Article I – THE NATIONAL TERRITORYThe national territory of the Philippines comprises:1) the Philippine archipelago;2) all other territories over which the Philippines has sovereignty or jurisdictionPHILIPPINE ARCHIPELAGO – that body of water studded with islands which is delineated in the Treaty of...
Read moreRandom
- 1
- 2
- 3
HEIRS OF SORIANO V.…
HEIRS OF SORIANO V. CA and SPOUSES ABALOSA person may be declared the owner of a property but he may not be entitled to possession.The exercise of the rights of ownership is subject to limitations that may be imposed by law. Although declared to be t...
Read moreCRUZ V. PAHATI 98 P…
CRUZ V. PAHATI98 PHIL 788FACTS:The car in dispute was originally owned by Northern Motors and was subsequently purchased by a Chinaman. This Chinaman then sold it to Belizo, who in turn sold the same to Cruz. Belizo was a second-hand car dealer. He o...
Read moreDIAZ VS. SECRETARY …
DIAZ VS. SECRETARY OF FINANCE- Value Added Tax (VAT)May toll fees collected by tollway operators be subject to VAT?YES. (1) VAT is imposed on “all kinds of services” and tollway operators who are engaged in constructing, maintaining, and operating e...
Read moreFeatured
- 1
- 2
- 3
Right to Strike
SSSEA v. CA – right to strike – At present, in the absence of any legislation in government employees the right to strike, recognizing their right to do so, or regulating the exercise of such right, they are prohibited form striking by express prohi...
Read morePeople vs. Tolentin…
G.R. No. 176385, February 26, 2008 FACTS: On 13 February 1998, three separate informations of Murder and two counts of Frustrated Murder were filed before the RTC against appellants, together with accused Jimmy Trinidad and Arnel Trinidad. The murd...
Read morePerfection Of A Con…
In Oesmer, Jr., et al. v. Paraiso Dev. Corp., G.R. No. 157493, February 5, 2007, a contract to sell was entered into by the owners of a real property. They affixed their signatures but contested its validity later contending that their co-owner had n...
Read more