Professional Documents
Culture Documents
College of Law
SALES (LAW 304M)
2005
Course Description
This two-unit course is designed to provide law students with a
thorough understanding of Sale as a contract its definition, elements,
characteristics, kinds and stages. There will be discussions on the rights
and obligations of parties to a contract of sale. Finally,
C.
Stages
1.
2.
3.
4.
Discussion Guide
Class Coordinator/s
Email Group
Session Two
E.
2.
1.
In General
A.
Negotiation
Perfection Arts. 1315, 1475
Performance - Arts. 1191, 1403(2)
Consummation
Session Three
Organizational Meeting
I.
Session One
Characteristics
1.
2.
3.
4.
5.
6.
Basic References
History
Governing Law RA No. 386 (August 30, 1950); Arts.
1488, 1637
Commercial & Civil Sales
Course Requirements
1.
2.
3.
3.
a.
b.
124FC,
II.
Essential Elements
1.
Session Four
F.
B.
Natural Elements
1.
2.
C.
2.
Sale by an apparent owner
3.
Purchase at Merchants Store, Market or
Fair Art. 559
Sun Bros. v. Velasco, 54 O.G. 5143, August 11, 1958
Salonga v. Concepcion, 470 SCRA 291, September 20,
2005
Sigaya v. Mayuga, 467 SCRA 341, August 18, 2005
Premiere Devt Bank v. Court of Appeals, 453 SCRA 630,
March 18, 2005
Siy Cong Bieng and Co. v. HSBC, 56 Phil 598 [1932]
Masiclat v. Centeno, May 31, 1956
warranties
subrogation
Accidental Elements
Session Six
III.
General Rule:
Ilao-Quianay v. Mapile, 474 SCRA 246, October 25, 2005
C.
Exceptions:
1.
sale or return - Art. 1502(1)
2.
sale on approval or trial Art. 1502(2)
3.
conditional sales - Arts. 1478, 1503(1),
1458(2)
Session Seven
IV.
To transfer ownership
Rule (Movables/Immovables)
Session Nine
B.
1.
2.
Implied warranties
i)
ii)
iii)
6.
B.
C.
D.
26, 1977
1970
Extinguishment of Sale
A.
B.
Redemption
1.