Chapter 1 - Naturea ND Form of Contract
Chapter 1 - Naturea ND Form of Contract
- SALES
CHAPTER 1
NATURE AND FORM OF THE CONTRACT
Art. 1459. The thing must be licit and the vendor must havearight to
transfer the ownership thereof at the timeit isdelivered. (n)
Art. 1462. The goods which form the subject of a contractofsale may be
either existing goods, owned or possessedbytheseller, or goods to be
manufactured, raised, or acquiredby
the seller after the perfection of the contract of sale, inthisTitle
called "future goods."
Art. 1470. Gross inadequacy of price does not affect acontract of sale,
except as it may indicate a defect intheconsent, or that the parties
really intended a donationorsome other act or contract. (n)
Art. 1471. If the price is simulated, the sale is void, but theact may be
shown to have been in reality a donation, orsomeother act or contract.
(n)
Art. 1473. The fixing of the price can never be left tothediscretion of
one of the contracting parties. However, if theprice fixed by one of the
parties is accepted by theother,thesale is perfected. (1449a)
(4) Where notice has not been given that a salebyauction is subject
to a right to bid on behalf of theseller,it shall not be lawful for the
seller to bid himself ortoemploy or induce any person to bid at such
saleonhisbehalf or for the auctioneer, to employ or induceanyperson
to bid at such sale on behalf of the seller orknowingly to take any
bid from the seller or anypersonemployed by him. Any sale
contravening this rulemaybetreated as fraudulent by the buyer. (n)
Art. 1487. The expenses for the execution and registrationofthe sale
shall be borne by the vendor, unless thereis astipulation to the
contrary. (1455a)