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1. Sale by sole-owner
2. Sale by co-owner Contract for a piece of work Contract of Sale
The thing transferred is one The thing transferred is one
SALE OF UNDIVIDED SHARE OF A SPECIFIC MASS not in existence and which which would have existed and
never would have existed but would have been the subject of
Effect of Sale: for the order of the party sale to some other person,
desiring to acquire it. even if the order had not been
1. The buyer becomes co-owner of the whole mass in proportion given.
to the share bought The services dominate the The primary objective of the
2. If later on it was discovered that the goods are less than what contract even though there is contract is a sale of the
a sale of goods involved. manufactured item; it is a sale
was bought, the buyer becomes owner of the whole mass. The
of goods even though the item
seller is bound to deliver the deficiency. is manufactured by labor
furnished by the seller and
SALE SUBJECT TO RESOLUTORY CONDITION upon previous order of the
customer.
Effect of Sale: Not within the Statute of Governable by the Statute of
Frauds. Frauds.
When the condition is fulfilled, the obligation is extinguished.
The parties shall return to each other what they have received.
SALE BARTER
CONTRACT Consideration: giving of Consideration: giving of a thing
money as payment
Obligations arising from contracts have the force of law between the Governed by law on sales: species of the genus sales
contracting parties and should be complied with in good faith. If consideration consists partly in money and partly by thing
- Look at manifest intention
If intention is not clear: value If intention is not clear: value
of thing is equal or less than of thing is more than amount
amount of money - sale of money – barter
PRICE CONSIDERED CERTAIN
1. General Rule – does not affect the validity of sale when both
parties are in a position to form independent judgment
concerning the transaction.
2. Exception – where low price indicates defect in the consent the
contract may be annulled due to vitiated consent.