Obligations of the Vendor Flashcards
What are the obligations of the vendor? (5)
p. 74
Delivery as used in the Law on Sales refers to the concurrent transfer of two things which are?
Possession and ownership
What is the purpose of delivery?
p. 74
What right is birthed through delivery?
Real right (jus in re)
Does ownership pass through sale or through stipulation?
No, only by delivery.
This kind of delivery occurs when the thing is placed in the control and possession of the vendee.
Actual or real delivery
What are the exceptions to the general rule that delivery vests ownership? (6)
p,. 75
Is payment essential for the transfer of ownership?
p. 76
Who are allowed to sell aside from the owner of the thing?
p. 77
These are sales for things under custodia legis
Judicial sales
The court through the _______ has the judicial authority to sell.
Sheriff
This is the delivery by operation of law.
Constructive delivery
This is the delivery of rights, credits, or incorporeal property made by execution of public instrument, placing of titles of ownership in the hands of the buyer or allowing buyer to make use of rights.
Quasi-tradition
Can execution through a public instrument be negated? How?
p. 78
This is a document prepared by a notary public in the presence of the parties who sign it before witnesses.
Public instrument
This is a person authorized by a State to administer oaths, certify documents, attest tot he authenticity of signatures, etc.
Notary public
Can express agreement or implied intention of the parties negate the transfer of ownership through a public instrument?
True the rain
Is there a transfer of ownership in a sale on approval, sale on trial, sale on acceptance, of sale on satisfaction?
No. The seller retains ownership over the thing unless and/or until there has been an express or implied acceptance.
Is there a transfer of ownership in sale or return?
Yes. The ownership is transferred to the buyer once delivered to her and it will revert back to the seller if returned.
Does sale on approval and sale or return require express stipulation?
Yes
If there was actual delivery but no intention of the parties for the thing to be delivered, is there a transfer of ownership?
No, intention is crucial. No intention, no tradition.
If the goods are shipped in shipment terms Cost, Insurance, or Freight, when is ownership transferred?
Upon delivery of the goods to their final destination.
The general rule is that delivery to carrier is deliver to the buyer. What is the exception?
Agreement of the parties to reserve ownership.
A thing shipped under shipment term FOB or Free/Freight on Board, when is ownership transferred?
When the goods are delivered at the shipment point.
If the thing is shipped under COD shipping term, when is ownership transferred?
Ownership is transferred upon delivery to the carrier.
The general rule is that where the seller is not the owner of the thing, the buyer does not acquire a better title. What are the exceptions? (7)
p. 91
What is estoppel?
p. 91
What are the 3 kinds of estoppel? Explain
p. 91
Co-ownership is a fiduciary relationship. What does it mean?
A fiduciary relationship is a relationship bound by trust and honesty.
This is a crime of fraud.
Estafa
PD 1612 or the Anti Fencing Law is a malum prohibitum. what does this mean?
The act is not inherently immoral but is illegal as stated by law.
Having good faith is not a defense.
As a general rule under the Anti Fencing Law, stolen goods may be recovered. What is the exception?
If the sale was made publicly, there has been. valid transfer of ownership, so the original owner should pay the amount the buyer paid to recover the same.
If the seller had a voidable title to the thing sold, is there an acquisition of better title by the buyer?
Yes p. 90
This is a document used in the sale of goods as proof of the possession or control of the goods, or authorizing or purporting to authorize the possessor of the document to transfer or receive, either by endorsement or by delivery, goods represented by such document.
Document of title to goods
These are chattels personal but not things of action or money of legal tender in the Philippines. It incudes growing fruits or crops.
Goods
This is a document that serves as evidence of receipt of goods for shipment issued by common carrier.
Bill of lading
This is an interim document issued by a maritime carrier to evidence the delivery of goods at the dock.
Dock warrant
This is a warehouse receipt that covers sugar.
Quedan
This is a document evidencing title to goods stored with someone else.
Warehouse receipt
This is a document of title that actually stands for the goods it covers, so that any transfer of the goods requires a surrender of the document.
Negotiable document of title.