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What is Overview of Contract of Sale in PH about?

This document provides an overview of key concepts related to contracts of sale under Philippine law: 1) A contract of sale is defined under Article 1458 as one where one party obligates to transfer ownership and deliver a determinate thing, while the other obligates to pay a price certain. 2) Sale is governed by the Civil Code of the Philippines and is a consensual, bilateral, onerous, and nominate contract. 3) Ownership is not transferred upon delivery in a conditional sale, as full payment of the pr

Author

soyoung kim

Language

EN