Article 1471. Simulated- Kunwari lang Fictitious- gawa gawa lang If the price is simulated or fictitious, sale is void If it is a donation or other contract tapos okay ang requirement sa donation or contract ito ay valid. Kapag kulang yung requirement void parin. Ex. Father binenta nya ang kaniyang property na bahay worth 5M kay daughter for 100,000, it is a simulated price dahil mababa ang presyo. Para lang maipakita nila na magbebentahan sila ng bahay pero wala silang intention na ma obliga o mabound sa contract of sale. Mukhang donation lang ito kay daughter. Peke nalang yung presyo niya Kapag magtatransfer ng dead of sale or titotlo mapapawalang bisa dahil property parin ito ni father hindi ni daughter. Art 1472. The price of Securities- debts, stocks, equity Grain - rice Liquids- water, milk, juices Considered certain (Art. 1469 ) when the price is fixed is that which the thing sold will have a defenite thing. Certain siya if fixed yung price sa isang araw or sa isang specific date or sa particlar sa echange market. Fixed siya kung ang amount niya ay kung magkano talaga siya or above or below sa sa price niya on a such day or such market basta certain parin siya. Example: Share price ng PLDT on September 30 (makikita natin talaga/ fixed) 10% less of the fixed price on September 30 50% higher than X store today Seller binenta nya yung rice niya kay buyer ibebenta ko ito sayo same amount kagaya ni X store, madedetermine natin magkano bienebenta ni X market, so certain siya Seller binebenta nya yung rice kay buyer sa share stock ni ABS-CBN ng September 30 (2 days from now ) after 2 days hindi mona madetermine since pinasara ni Duterte yung ABSCBN. Wala na tayong sale Art. 1473 Kapag ang Price ay isang party lang ang magbibitbit wala itong sale Kapag ang Price may dalawang party ito ay Sale kase may meeting of minds na. Example: Seller magbebenta ng watch kay buyer for 5k tapos hindi nag agree si buyer hindi ito sale pero kung nag agree si buyer sa 5k ito ay sale Art 1474. Inefficcious- walang silbe kase hindi madertermine ang price However if yung bagay ay nadeliver na o nagamit na, dapat si buyer magbabayad siya ng reasonable price, equivalent sa presyo ng sa certain thing na nadeliver. Example: Si juan binenta nya sasakyan nya kay lupin sabi niya ikaw bahala kung magkano mo bibilhin. Sabi ni lupin wala ng presyo,it is void kase walang price.Si lupin kaylangan nyang magbayad ng reasonable price equivalent sa sasakyan. Baker nagbebenta ng 10 ang isang cookies and 300 ang isang box, si mader nanghihingi ng discount kaso ayaw ni baker pero kinain ni mader yung kalahati without the consent of the baker so si mader dapat bayaran nya yung kinain niyang cookies for a reasonable price. Like for example 30-15 so 15x10 = 150 Art. 1475 Contract of sale is perfected upon meeting of the minds. Meeting of the minds in object and price. Three stages Negotiation - this stage wala pang rights and obligation kapag may suspensive condition under parin sa negotiation upon Perfection - may sale (meeting of the minds) rights and obligation From perfection to consummation dapat within 1 year writing siya Consummation - upon delivery and payment (kapag nadeliver na yung object and kapag nakapag bayad na ng certain price si buyer) Requirements of Perfection 1. Face to face - If offer is accepted without condition 2. Correspondence/Telegram - if the offeror has knowledge ng acceptance ni offeree yung offer nya Ex. seller nagmessage kay buyer na nagbebenta siya sakanya ng sasakyan, kapag nag send ng response si buyer dun palang ang perfection. Kapag hindi pa nag response si buyer, pwedeng ibigay ni seller sa iba yung offer niya if hindi pa alam ni buyer to. 3. Sale is subj to a suspensive condition - ito ay nag gi-give rise. once na fulfill na ito magkakaroon na tayo ng perfection. Ex. Ang condition ay, if naging lawyer siya, so kapag naging lawyer na siya may perfection na pero kapag hindi pa ito lawyer hindi pa ito perfected. Si jerry ay seller/ Offerer ay mag ooffer kay Tom ng cheese for 1k tatawag siya kay Tom. May perfection naba? Wala kase dipa nag agree si tom. Formalities of Perfection Sale of: Real Property- writing Personal property- below 500 pwedeng oral pero kapag = sa 500 dapat in writing If oral- walang judicial of action/ hindi pwedeng ilaban sa korte Exception: If partially executed Waive statute of fraud Example: House and Car - in writing Shirt cost 300- in oral Perfection of advertisement May nag advertise 30% off ng shoes. May sale naba? Walang sale kase invitation lang ito to make a offer. Hindi pwedeng icompel ni advertiser na ibenta sayo ang shoes. Transfer of ownership Perfection- wala pang transfer ng ownership Delivery- kapag nadeliver na may transfer of ownership Q: if inistipulate sa contract of sale na hindi matatransfer ang ownership upon delivery pero matatransfer ito at full payment, valid ba ito? A: Yes with exceptions Effect of Perfection Buyer - upon perfection magkakaroon siya ng personal rights wala siyang real rights, may right lang sya na icompel si seller para itransfer ang ownership Ex: Si Seller nagbebenta ng bahay kay Buyer pero hindi pa niya ito nadedeliver tapos si seller binenta niya ito kay Third Party(real right) then si third party tinanggap niya na deliver na, si third party innocent in good faith siya. Ito ay valid. Ang mangyayari si buyer (personal right)ay may right siya na sampahan ng kaso si seller. Art. 1476 Sale by auction Auction- public sale in which goods is sold to the highest beader 1. Where goods are put up for sale by auction in lots, each lots is the subject of a separate contract of sale -Lots- items sa auction(object that are sold in auction) grupo ng bagay na binebenta sa isang auction -Separate na binebenta 2. Perfected- announces by the call of the hammer(announcement lang for the contract of sale) Q: when the sale is perfected? A: By the meeting of the minds Hanggat hindi pa naaannounce si bider pwede pa nyang bawian yung bid nya si auctioner naman pwede nyang iwithdraw ang goods unless yung inauction has been announce to be without reserve Options: Reserve Price- confidential , minimum price that is agreed upon between the seller and auctioneer. Poprotekta kay seller. Required lang si seller na ibenta nya yung porperty or goods. Silent- with reserve 2 types of auction 1. With reserve price - si auctioneer at si buyer. Si buyer siya ang offeror si auctioneer siya ang offeree 2. Without reserve- Si auctioneer ang oferror at si buyer ang offeree. (para maka attract) W reserve (Silent) Bidder can retract bid Auctioneer can withdraw goods Without reserve bawal ng mag retract and withdraw kase ginagawa nila ang without reserve para maka ttract ng tao dahil ang mga tao gusto ng mura. Example: Da Vince artwork With reserve - 10 M Bidder- 6M, 7M, 8M, 9M Walang bentahan (monalisa withdraw) hindi willing si seller naibenta ito below 10M Bidder- 12M (Sold) Without reserve Cinderella - sold for 300 pesos Bidder- 100, 200, 300 Hindi pwedeng iwithdraw dahil walang reserve 3. Stanza 1. Want a Higher price 2. Withdraw 3. Avoid May seller bid? Yes, provided meron siyang notice. provided by law or stipulation, kung may right sya Puffers/ by-bidders-people who bid for seller, walang intention to buy the goods gusto lang nilang pataasin ang presyo. Agent sila ni seller 4. Stanza Contravening- lalabag If walang notice ang sale ay hindi valid Buyer pwede niyang itreat na fraud ang sale Art. 1477 and Art. 1478 Art. 1477 ownership- transfer upon action or constructive delivery not the perfection of the contract Art. 1478 ownership- until he has fully paid the price General rule : payment is not necessary para sa transfer ng ownership (Art. 1470 exception unless stipulated) Kinds of delivery 1. Actual delivery (art 1497) 2. Constructive delivery ( art 1498-1601) any other manners, signifying an agreement that the possession is transferred (1496) Example: S ng bebenta ng dragon ball napag usapan nila ibenta for 4k, nadeliver na then si B na ang owner kahit dipa nakapag bayad kasi na deliver. Art. 1479 Part 1 Mutual/Bilateral Promise A promise to buy and sell a determinate thing for a price certain is reciprocally demandable 2 person may meeting of the minds Unilateral promise- one person lang ang popromise Accept or reject the promise - no effect 2nd paragraph Option to buy Part 2 Contract to sell Contract of sale - meeting of the minds Contract to sale - nag cocomit palang C of Sale - may bentahan talaga, ownership matatransfer sya sa delivey hindi sa full payment C to Sell - Prospective seller and prospective buyer. Ownership mastay parin kay seller kinokomit lang niya ang sarili niya Absolute contract of sale doon palang magkakaroon ng ownership Conditional C of sale - w/suspensive condition (art 1478) -Full payment automatic matatransfer na ang ownership C to sell - hindi matatransfer ang ownership, kailangan pa ng deed of absolute sale bago matatransfer ang contract of sale Difference of Contract of Sale and Contract to Sell (Page 2 in Chapter 1 law on sales word) ARTICLE 1480 Para siya sa who bears the loss or sinong sasalo pag Nawala yung object natin Seller – ang obligation niya ay mag deliver ng object Buyer- ay magbayad ng price Buyer- pag si seller ang nakawala ng object si buyer hindi na niya kailangan magbayad Seller- kapag si buyer naman ang nakawala ng object kailangan pa rin bayaran ni buyer yung object kay seller Stages on contract of sales Sinong mag bbear ng loss at its stages Meron tayong perfection on delivery ang unang case natin is before perfection so before perfection example ang owner ng ating object na car ay si seller tapos mag ttransfer lang yung ship at delivery atsaka lang magiging si buyer so sino ang mag bear ng loss before ng delivery si seller di ba meron tayong tinatawag nab owner bears the loss so si seller ang may ari before delivery ah before perfection of contract siya rin yung mag bbear ng loss dahil wala pang contract of sale so at perfection ang contract of sale natin ay no effect so ang mag bbear ng loss dito ay si seller pero if partially loss lang siya si buyer pwede siyang mamili either iwithdraw yung contract or gusto niya pa rin icontinue iddemand niya na lang yung remaining part or yung hindi Nawala tapos mag ppay nalang siya in proportion yung babayaran niya dun sa natira kung gusto niya pang ituloy yung contract ah. Tapos meron naman tayong after perfection and before delivery eto naman yung sinasabi nung 1480 sa last muna tayo after perfection and after delivery so since si buyer na yung owner nito after delivery ang mag bear ng loss dito ay si buyer so dito naman tayo sa after perfection before delivery ang mag bbear ng loss dito ay si buyer exception dito is the owner bears the loss general rule si buyer yung mag babayad kahit hindi si buyer yung owner well hindi pa naman nag ttransfer yung ownership nung wala pa tayong delivery pero si buyer na yung mawawalan. After perfection before delivery Diba ang general rule natin ang mag bbear ng loss ay si buyer Kapag ito ay non fungible things ay irreplaceable hindi pwedeng mapalitan example is house and lot Fungible things without consideration weidth, number, measureof the object ( single price lang) exception ang mag bear ng loss ay si seller kapag ito ay fungible things na ang price ay need pang cconsider yung width number or measure kapag walang consideration mag bear ng loss ay si buyer ang mag babayad pero kapag may consideration si seller ang magbabayad kasi kung ang determination of price ay na confirm a width na with mesure siya ay suspensive condition so di ba ang suspensive condition siya yung nag ggive rise sa contract so kapag wala pang sale yung condition wala pa tayong obligation kapag na fulfil na yun atsaka pa mag aarise yung obligation pag nag okay na si buyer after na magtimbang magbilang at mag measure ang rule na ito ay may exception din ito kapag si buyer ay delay sap ag wwait pag ccount at pag mmeasure ng object kapag si buyer ang na delay si buyer ang mag bear ng loss second exception kapag si seller ay guilty of fraud, negliegence, default or violation of the contract so hidi siya good faith third exception pag ang object ay generic kasi genious does not perish kabaligtaran ng generic ay specific, specific siya if siya ay particularly designated or physically separated from other Why buyer bears the loss? (loss before delivery) Historically roman law of of the things sold passes to the buyer even though hindi pa niya ito na receive medyo literal siya yung risk na kay buyer kasi wala pa sakanya yung object atsaka hinihiwalay niya yung obligation ng seller to deliver at ng buyer to pay so sinasabi nito kahit mawala yung object magbabayad pa rin si buyer Article 1537 fruits pertain to the vendee of the buyer from perfection of the contract Kasi nag bbenfit nasi buyer from perfection dapat kapag meron disadvantage or loss si buyer ang magsaalo ito from the perfection Object contract of sale ay specific – loss without fault of the seller extinguishes the obligation if specific Price contract of sale ay generic – loss of the generic does not extinguish the obligation Paragraph 1 and 2 of 1480 from perfection to delivery 1163 – si seller siya ay obligated na mag pay of the object with a true neligience good father of the family kailangan alagaan ni seller yung object before deliver and that ts perfection 1164 – buyer has rights to the fruits at perfection however wala siyang real right until delivery 1165 – kapag ang object ay isnag determinate thing si buyer pwede ianao si seller to make delivery Kapag indeterminate naman pwede niyanng anoin ni buyersi seller na icomply yung obligation of the expense of the seller At kapag si seller ay nadelay or nag promise siya na ideliver yung object sa 2 or more persons na walang parehas na interest sei seller ang responsible sa fortuitous events until delivery Loss by fortuitous events after perfection but before delivery ang genral rule ang mag bbear ng loss ay si buyer exception dito ay si seller ang mag bbear ng loss kapag si seller ay na delay or naipromise niya yung deliver sa 2 or more objects 1262 – ang obligation delivery of determinate thing shall be extinguish if been loss or destroyed without fault of seller and before deliver so yung delivery of determinate thing sshall be extinguish kapag na loss siya without fault of the seller and wala siyang delay Example: ARTICLE 1483 for validity pwede siyang oral, in writing, wede rin oral and writing pero it doent mean na invalid siya or enforceable siya