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Article 1493: Title Vi Sales Effects of The Contract When The Thing Sold Has Been Lost
Article 1493: Title Vi Sales Effects of The Contract When The Thing Sold Has Been Lost
Example:
For example, I have 50 sacks of sugar in my warehouse Duty to Deliver at Execution Sale
selling it for 1,000 per sack amounting to a total price of Judgment debtor is NOT required to deliver the property
50,000. If 10 sacks of sugar were lost, the buyer may sold right away. The reason is, he has a period of ONE
YEAR within which to REDEEM the property. In the the act of delivery must be made with intention
meantime, the buyer should not take actual physical of delivering the thing sold.
possession of the property. Note that the period of 3. Delivery to proper person – the delivery must be
redemption commences to run not from the date of the made to the vendee or his authorized
auction or tax sale but form the day the sale was representative. Where the vendee did not name
registered in the office of the Register of Deeds. any person to whom the delivery shall be made
in his behalf, the vendor is bound to deliver
exclusively to him.