ARTICLE 1458

CONTRACT OF SALE- is a contract whereby one

of the contracting parties obligates himself
to transfer the ownership of and to deliver a
determinate thing, and the other to pay
therefore a price certain in money or its
equivalent.

Characteristics of a Contract of Sale:

 CONSENSUAL- perfected by a mere
consent
 BILATERAL-both contracting are bound to
fulfill obligation reciprocally towards each
other.
 ONEROUS-because the thing sold is
conveyed by a consideration of a price and
vice versa.
 COMMUTATIVE – the thing sold is
considered the equivalent of the price paid
 NOMINATE- given a special name in the
civil code
 PRINCIPAL- does not depend on existence
of other contract