1 CHAPTER 1 NATURE OF SALE DEFINITION OF SALE Article 1458 of the Civil Code defines “sale” as a contract whereby one of the contracting parties (Seller) obligates himself to transfer the ownership‚ and to deliver the possession‚ of a determinate thing; and the other party (Buyer) obligates himself to pay therefor a price certain in money or its equivalent.1 The Roman Law concept embodied in the old Civil Code2 that treated delivery of tangible property as the sole purpose of sale has been
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ATENEO de Manila LAW SCHOOL LAW ON SALES OUTLINE[1] Dean Cesar L. Villanueva First Semester‚ SY 2009-2010 and Atty. Alexander C. Dy I. The Nature of Sale A. Definition (Art. 1458) Sale is a contract by which one of the contracting parties obligates himself to transfer the ownership[2] and to deliver possession‚ of a determinate thing‚ and the other to pay therefor a price certain in money or its equivalent. xCruz v. Fernando
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MANILA ELECTRIC COMPANY AND SUBSIDIARIES NOTES TO CONSOLIATED FINANCIAL STATEMENTS 1. Corporate Information Manila Electric Company or MERALCO‚ holds a congressional franchise under Republic Act or RA No. 9209 effective June 28‚ 2003. RA No. 9209 grants MERALCO a 25-year franchise valid through June 28‚ 2028 to construct‚ operate‚ and maintain the electric distribution system in the cities and municipalities‚ and barangays in the provinces of Batangas‚ Laguna‚ Pampanga‚ and Quezon. On October
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WILLS & SUCCESSION Case Digests Based on the syllabus of Atty. Lielanie Yangyang Espejo‚ CPA Succession in General RAMIREZ vs. RAMIREZ 111 SCRA 82 FACTS: Jose Ramirez a Filipino‚ died in Spain leaving only his widow Marcelle Ramirez‚ a French. In the project partition‚ the property was divided into 2 parts: 1st part to the widow‚ and 2nd part to the grandnephews the naked ownership. Furthermore‚ as to the usufruct of the 2nd part‚ 1/3 was given to the widow and 2/3 to Wanda de Wrobleski
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PHILREEFS SECOND OF A SERIES philippine coral reefs through time workshop proceedings second of the atlas of philippine coral reefs series by Coral Reef Information Network of the Philippines (PhilReefs) and the University of the Philippines Marine Science Institute 2003 Series Editor Porfirio M. Aliño Workshop Organizers Andre J. Uychiaoco Porfirio M. Aliño Wilfredo Y. Licuanan Editorial Team Andre J. Uychiaoco Melchor R. Deocadez Domingo Ochavillo Christine D. Collantes ISBN 971-91292-7-1
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Net Income (in billion pesos) Revenues (in billion pesos) Consolidated Financial Highlights P19.3 P18.1 P15.2 P15.6 P12.6 Reporting Cycle and Boundary This report comes out annually and covers the performances of The Insular Life Group of Companies which is comprised of parent company‚ The Insular Life Assurance Company‚ Ltd.‚ its subsidiaries (Insular Health Care‚ Inc.‚ Insular Investment Corporation‚ and Home Credit Mutual Building & Loan Association)‚ and affiliate (Mapfre
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