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Philippine Bar review · Question

Practice question: Effects of Loss of Thing Sold

Multiple Choice Easy

Practice question

Under Article 1493, what is the effect if the object of the sale is already entirely lost when the contract is perfected?
  1. The contract is without effect
  2. The buyer must always pay double
  3. The loss automatically creates an option
  4. The seller automatically owns the buyer's other goods
  5. The object is deemed physically restored

Legal references

  • Civil Code Articles 1493–1494 and 1504: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html

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