Practice question
A valid agreement expressly leaves goods at seller risk until a later event although ownership passes earlier. No prohibition or different exception applies. Does 1504 necessarily invalidate that allocation?
- Yes; contrary risk agreement is always forbidden.
- Only the buyer may ignore the agreed allocation.
- Every risk clause creates a new corporation.
- Ownership can never pass before actual delivery.
- No; its ordinary rule begins unless otherwise agreed.
Legal references
- Civil Code Articles1306,1475,1482,1490-1492,1504,1522-1523 and1589-1590: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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