Page 359 - Important Provisions of The New Civil Code

SALES

Article 1458. By the contract of sale one of the

contracting parties obligates himself to transfer

the ownership and to deliver a determinate

thing, and the other to pay therefor a price

certain in money or its equivalent.

A contract of sale may be absolute or

conditional. (1445a)

Article 1459. The thing must be licit and the

vendor must have a right to transfer the

ownership thereof at the time it is delivered.

(n)