(13) Sale Flashcards
This contract must reflect the consent of the parties, contain an accurate description of the tract of land, and stipulate the price in money.
The contract of sale
Sale is a contract whereby..
A person transfers ownership of a thing to another for a price and money.
What three things are requirements for the perfection of a sale?
The thing
the price
consent of the parties
A contract given a name or special designation is considered….?
A nominate contract
A contract in which the obligor and the obligee have rights and obligations specifically prescribed by law…
A nominate contract
What y’all going into conduct the obligor and the obligee and whatever pertains to the obligation?
Good faith
Kenny fully emancipated minor enter into a contract of sale?
Yes and emancipated minor has full contractual capacity.
An acquire of a corporeal movable is in good faith for purposes of sale unless…
He knows, or should have known, that the transferor was not the owner
In reference to sale who is presumed to be the owner of a corporeal movable?
The possessor
When at the time of the sale the seller is not in possession of the thing sold he must….
Obtain a possession at his cost and deliver the thing to the buyer
True or false? Anything sold must be reasonably fit for its ordinary use.
True.
Where the contract of sale is not subject to provisions of the blank, it is governed by the bl ank on blank.
where the contract of sale is not subject to provisions of the civil code title on sale, it is governed by the code titles on obligations and contracts.
What controls the transfer of title to motor vehicles in Louisiana?
The vehicle certificate of title law.
A sale of a movable DOES/DOES NOT require a written contract to have effect between the parties; oral sales of movables ARE/ARE NOT valid and legally recognized?
Does not
Are
Even they’re not required, sales of movables are commonly reduced to writing to provide evidence of the contract of sale, and the notary is frequently asked to prepare and execute the sale instrument.
Where registry is involved, what is required?
A written act of sale