Philippine Bar review · Topic
Effects of Loss of Thing Sold
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- If actual delivery is delayed through one party’s fault, to whom does 1504 allocate the stated risk?
- Ownership of identified goods validly passed to the buyer, actual delivery has not occurred, and no contrary agreement …
- A valid agreement expressly leaves goods at seller risk until a later event although ownership passes earlier. No prohi…
- Goods are delivered to the buyer, with seller retaining title solely to secure the unpaid price. They later perish fort…
- Actual delivery is delayed through buyer’s established fault, and the resulting loss falls within 1504(2). Buyer invoke…
- Explain 1504’s ownership-based default and contrary-agreement qualification.
- Describe the delivered-goods security-title exception.
- Discuss fault delaying delivery under 1504(2).