Page 360 - Important Provisions of The New Civil Code

Article 1499. The delivery of movable property

may likewise be made by the mere consent or

agreement of the contracting parties, if the thing

sold cannot be transferred to the possession of

the vendee at the time of the sale, or if the latter

already had it in his possession for any other

reason. (1463a)

Article 1500. There may also be tradition

constitutum possessorium. (n)

Article 1501. With respect to incorporeal

property, the provisions of the first paragraph of

Article 1498 shall govern. In any other case

wherein said provisions are not applicable, the

placing of the titles of ownership in the

possession of the vendee or the use by the vendee

of his rights, with the vendor's consent, shall be

understood as a delivery. (1464)