Article 1459-1462

Front 1

Article 1459

Back 1

The thing must be licit and the vendor must have a right to transfer the ownership thereof at the time it is delivered

Front 2

meaning by itself, such as the sale of decaying fruits for human consumption and "shabu"

Back 2

Illicit per se

Front 3

meaning a thing is made illicit because of a provision of the law, such as the sale of lottery tickets

Back 3

Illicit per accidens

Front 4

A thing is determinate when it is particularly designated or physically segregated form all others of the same class

Back 4

Art. 1460

Front 5

The requisite that a thing be determinate is satisfied if at the time the contract is entered into, the thing is capable of being made determinate without the necessity of a new or further agreement between the parties

Back 5

Art. 1460 (prt2)

Front 6

When is a thing determinate?

Back 6

When it is particularly designated or physically segreagated from all others of the same class

Front 7

Contract of sale not perfected unless the thing is determinate. Explain.

Back 7

A contract of sale is not perfected until the parties have agreed upon not only the price but also the thing sold. If the thing sold is not determinate, therefore there was no sale.

Front 8

Things having a potential existence may be the object of the contract of sale

Back 8

Art. 1461

Front 9

The efficiency of the sale of a mere hope or expectancy is deemed subject to the condition that the thing will come into existence

Back 9

Art. 1461 (prt2)

Front 10

The sale of vain hope or expectancy is void

Back 10

Art. 1461 (prt3)

Front 11

Sale of things with potential existence

Back 11

Emptio rei speratae

Front 12

Sale of hope or expectancy

Back 12

Emptio Spei

Front 13

The goods which form the subject of a contract of sale may either be existing goods, owned or possessed by the seller, or goods to be manufactured, raised, or acquired by the seller after the perfection of the contract of sale, in this title called "Future goods"

Back 13

Art. 1462

Front 14

There may be a contract of sale of goods, whose acquisition by the seller depends upon a contingency which may or may not happen

Back 14

Art 1462 (prt2)

Front 15

These refer to goods owned or possessed by the seller at the time of the perfection of the contact of sale

Back 15

Existing goods

Front 16

these refer to goods which are to be manufactured , raised or acquired by the seller after the perfection of the contract of sale.

Back 16

future goods