Practice question
Seller and buyer agree on a specified machine and price, with delivery on a later date. There has been no actual or constructive delivery and no special ownership-transfer arrangement. A draft states that mere meeting of minds necessarily means ownership has already passed. Which revision best distinguishes the Civil Code rules?
- Declare that no contract can ever be perfected before delivery
- Declare that all sales require full payment to be perfected
- Distinguish perfection by agreement on thing and price from transfer of ownership by actual or constructive delivery
- Declare that notarization always substitutes for every form of delivery regardless of circumstances
- Omit the delivery arrangements because they can never matter
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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