Mar 22, 2012 - Describe the Administrative Code of 1987. Held: The Code is a general law and âincorporates in a unified document the major structural, functional and procedural principles of governance (Third Whereas Clause, Administrative Code of
This Philippine Corporate Law law book Provides completely new version of Chapter 14 on Corporate Rehabilitation, Insolvency, and Liquidation to take into account the promulgation of the Financial Rehabilitation and Insolvency Act of 2010.
This Philippine Corporate Law law book Provides completely new version of Chapter 14 on Corporate Rehabilitation, Insolvency, and Liquidation to take into account the promulgation of the Financial Rehabilitation and Insolvency Act of 2010.
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DESCRIPTION A small, but informative reviewer for Philippine Sales Laws.
TRANSCRIPT ART ANNOTATION NOTES FORM & INTERPRETATION 1458. By the contract of sale, one of the contracting parties obligates himself to transfer the ownership of & to deliver a determinate thing, & the other to pay therefor a price certain in money or its equivalent. A contract of sale may be absolute or conditional. (This Art serves as def’n for Sale) Characteristics of a contract of sale: 1. Consensual –perfected by mere consent 2. Bilateral –parties are bound to fulfill correlative oblis toward each other 3. Onerous – the thing sold is conveyed in consideration of the price & vice versa 4. Commutative – thing sold is considered equivalent of the price paid & vice versa 5. Nominate – given a special name & designation 6. Principal –its existence & validity does not depend upon another contract Essential requisites of sale: 1. Consent or meeting of the minds (1475) 2. Object or subject matter (1460) 3. Cause or consideration (1458) Kinds of