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    Denver Oliveros
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    The chapter discusses the effects of a sales contract when the thing sold has been lost or deteriorated. Article 1493 states that if the object of a sales contract is entirely lost at the time of contracting, the contract is void. If partially lost, the buyer can withdraw from the contract or demand the remaining part, paying a proportional price. Article 1494 gives the buyer options if goods deteriorate without the seller's knowledge - to treat the sale as avoided or valid for the remaining goods.

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    CHAPTER 3

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    The chapter discusses the effects of a sales contract when the thing sold has been lost or deteriorated. Article 1493 states that if the object of a sales contract is entirely lost at the time of contracting, the contract is void. If partially lost, the buyer can withdraw from the contract or demand the remaining part, paying a proportional price. Article 1494 gives the buyer options if goods deteriorate without the seller's knowledge - to treat the sale as avoided or valid for the remaining goods.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    4 views2 pages

    Chapter 3

    Uploaded by

    Denver Oliveros
    The chapter discusses the effects of a sales contract when the thing sold has been lost or deteriorated. Article 1493 states that if the object of a sales contract is entirely lost at the time of contracting, the contract is void. If partially lost, the buyer can withdraw from the contract or demand the remaining part, paying a proportional price. Article 1494 gives the buyer options if goods deteriorate without the seller's knowledge - to treat the sale as avoided or valid for the remaining goods.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    CHAPTER III

    EFFECTS OF THE CONTRACT WHEN THE THING SOLD HAS BEEN LOST

    Article 1493

    If at the time the contract of sale is perfected, the thing which is the object of the
    contract has been entirely lost, the contract shall be without any effect.

    But if the thing should have been lost in part only, the vendee may choose
    between withdrawing from the contract and demanding the remaining part, paying its
    price in proportion to the total sum agreed upon. (1460a) (Civil Code of the Philippines)

    Article 1494

    Where the parties purport a sale of specific goods, and the goods without the
    knowledge of the seller have perished in part or have wholly or in a material part so
    deteriorated in quality as to be substantially changed in character, the buyer may at his
    option treat the sale:

    As avoided; or (2) As valid in all of the existing goods or insomuch thereof as


    have not deteriorated, and as binding the buyer to pay the agreed price for the goods in
    which the ownership will pass, if the sale was divisible. (Civil Code of the Philippines)
    CHAPTER III

    EFFECTS OF THE CONTRACT WHEN THE THING SOLD HAS


    BEEN LOST

    Article 1493

    If at the time the contract of sale is perfected, the thing


    which is the object of the contract has been entirely lost, the
    contract shall be without any effect.

    But if the thing should have been lost in part only, the
    vendee may choose between withdrawing from the contract and
    demanding the remaining part, paying its price in proportion to the
    total sum agreed upon. (1460a) (Civil Code of the Philippines)

    Article 1494

    Where the parties purport a sale of specific goods, and the


    goods without the knowledge of the seller have perished in part or
    have wholly or in a material part so deteriorated in quality as to be
    substantially changed in character, the buyer may at his option
    treat the sale:

    As avoided; or (2) As valid in all of the existing goods or


    insomuch thereof as have not deteriorated, and as binding the
    buyer to pay the agreed price for the goods in which the
    ownership will pass, if the sale was divisible. (Civil Code of the
    Philippines)

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