Delfin Study guides, Class notes & Summaries

SALES Sale, concept A contract whereby one of the contracting parties (known the seller or vendor), obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, (known as the buyer or vendee),obligates himself to pay therefor a price certain in money or its equivalent. (See Art. 1458) Elements of a contract of sale 1. Essential elements/requisites - Those without which a contract of sale would not exist. a. Consent of the contracting parties b. Subje...