Professional Documents
Culture Documents
Example of Void Sales
Example of Void Sales
Example of Void Sales
Kinds of goods:
1. Existing goods goods that are owned by the seller
2. Future goods goods that are to be manufactured, raised and
acquired by the seller after the perfection of the contract of sale.
Sale Barter
A thing is given in exchange for a A thing is given in exchange of
price certain in money or its another thing
equivalent
If the consideration is partly in money and partly in another thing:
1. The transaction is characterized by the manifest intention of the
parties.
2. If there is no manifest intention:
a. Barter if the value of the thing is more valuable than money.
b. Sale if the value of the thing is equal or less than the amount of
money.