Example of Void Sales

You might also like

Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 2

Example of Void Sales:

1. Sale of animal suffering from contagious disease.


2. Sale of animal if the use or service for which they are acquired are
stated in the contract, and later found to be unfit therfor.
3. Sale of future inheritance
4. Sale of land in violation of the constitutional prohibition against the
sale of land to aliens.

Emptio Rei Speratae Emptio Spei


The sale of a thing with potential The sale of a mere hope or
existence expectancy that is a thing will come
to existence, sale of the hope itself
The sale is subject to the condition The sale is effective even if the
that it will exist, if it does not, there thing do not come to existence,
is no contract unless it is a vain hope.
The object is a future thing. The object is a present thing which
is the hope or expectancy.

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.

Contract of Sale Agency to Sell


The buyer receives the goods as The agent receives the goods as
owner goods of the principal who retains
ownership over them
The buyer pays the price The agent delivers the price, which
he got from his buyer, to his
principal
The buyer, as a general rule cannot The agent can return the goods in
return the object sold case he is unable to sell the same to
a third person.

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.

You might also like