Practice question
A draft equipment sale states both that the price will be fixed solely by the seller later and that ownership passes upon agreement even though delivery is postponed and no constructive delivery or special arrangement exists. Identify the two problems and propose legally sound drafting corrections.
Legal references
- Civil Code, Articles 1458, 1460, 1473, 1475, 1477–1478, 1643, 1654 and 1657: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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