THE LAW ON SALES

Course Outline.

The Law on Sales is a 2-unit course and an important part of Civil Law, a Bar
subject. It consists of provisions of the Civil Code (Articles 1458 – 1637).

A. Nature and form

1. Essential requisites
2. Perfection
3. Contract of sale vs. contract to sell

B. Capacity to buy or sell

C. Effects of the contract when the thing sold has been lost

D. Obligations of the vendor

E. Obligations of the vendee

F. Breach of contract

1. Remedies
2. Recto Law and Maceda Law

G. Extinguishment

1. In general
2. Pacto de retro sale
3. Equitable mortgage

H. Assignment of credits

Other references:

1. The Civil Code

2. Related special laws (RA No. 6552 [Maceda Law], PD 957, Condominium Act, etc.)
4. Decided Cases.

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Textbooks

1. No specific textbook is prescribed, but having a textbook is MANDATORY.

2. Other references:

Grading System:

1. For the Mid-Term Grade

Class Attendance : 25%

Class Standing : 25%
➢ Recitation
➢ Short Quizzes
➢ Assigned Cases
Mid-Term Exam Score : 50%
TOTAL : 100%

2. For the Final Grade:

Class Standing : 25%

➢ Attendance
➢ Recitation
➢ Short Quizzes
Case Digests Project : 25%
Final Exam Score : 50%
TOTAL :100%

FINAL GRADE = Mid-Term Grade + Final Grade

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