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- THE LAW ON SALES, AGENCY, AND CREDIT TRANSACTIONS DE LEON & DE LEON 2010
- The Law on Sales, Agency and Credit Transactions
It also covers the law on agency; its nature, form and kinds; obligation of the agent and the principal; and modes of extinguishments. Also discussed are employment contracts and pertinent provisions of the Labor Code and the law on credit transactions such as loan, deposit, guarantee, pledge, real mortgage, antichresis, and chattel mortgage.
Definitions Contract of Sale a contract whereby one of the parties called the seller or vendor obligates himself to deliver something to the other called the buyer or purchaser or vendee who, on his part, binds himself to pay therefore a sum of money or its equivalent Natural Elements those which are deemed to exist in certain contracts, in the absence of any contrary stipulations like warranty against eviction or hidden defects Sale by description occurs where a seller sells things as being of a particular kind, the buyer not knowing whether the sellers representations are true or false. Conditional Sale sale contemplates a contingency and in general where the contract is subject to certain conditions, usually the full payment of the purchase price o Note: The delivery of the thing sold does not transfer ownership until the condition is fulfilled. Applies to a sale not yet perfected Would-be-buyer is not required to buy when he gives option money. Remedies available to a vendor in sale of personal property payable in installments o Elect fulfillment upon the vendees failure to pay o Cancel the sale, if the vendee shall have failed to pay two or more installments o Foreclose the chattel mortgage, if one has been constituted, if the vendee shall have paid to pay two or more installments. Characteristics of a contract of sale: o Consnsual perfected by mere consent without further act o Bilateral because both contracting parties are bound to fulfill obligations reciprocally towards each other o Onerous - thing sold is conveyed in consideration of price and vice versa o Commutative - thing sold is considered the equivalent of the price paid and vice versa o Nominate it is given a designation in the Civil Code, namely Sale o Principal does not depend for its existence and validity upon another contract. Contracts of sale that must be in writing to be enforceable by court action Under Statute of Frauds : o Sale of personal property at a price not less than P o Sale of real property or an interest therein regardless of the price involved o Sale of property not to be performed within a year from the date thereof regardless of the nature of the property and the price involved. Distinctions between a Contract of Sale and a Contract of Agency Contract of Sale Contract of Agency Agent receives the goods as the goods of the principal who retains his ownership over them Buyer has to pay the price Agent has simply to account for the proceeds of the sale he may make on the principals behalf Buyer, as a general rule, cannot return the object sold Agent can return the object in case he is unable to sell the same to a third person Seller warrants the thing sold Agent makes no warranty for which he assumes personal liability as long as he acts within his authority and in the name of the seller Buyer can deal with the thing sold as he pleases The agent in dealing with the thing received, must act and is bound according to the instructions of his principal.
Php Availability date:. This book is intended for the use of commerce students. An attempt is made to condense or rephrase the legal provisions in a simple manner and to correlate them so that they will be easily understood. The minimum purchase order quantity for the product is 1.
THE LAW ON SALES, AGENCY, AND CREDIT TRANSACTIONS DE LEON & DE LEON 2010
It also covers the law on agency; its nature, form and kinds; obligation of the agent and the principal; and modes of extinguishments. Also discussed are employment contracts and pertinent provisions of the Labor Code and the law on credit transactions such as loan, deposit, guarantee, pledge, real mortgage, antichresis, and chattel mortgage. Other relevant laws on commerce and trade such as law on investments likewise discussed. Course Rationale : Cash inflow from operations is mainly generated by sales, therefore it matters to know the provisions affecting the contract of sale as well as agency and bailments. General Objective : At the end of the course, the students are expected to interpret the implications of the provisions affecting the contract of sales. Specific Objectives :. Cognitive : Express ideas effectively of the general provisions of the law affecting sales, agency and bailments.
Policies to be considered shall include, but are not limited to, an allocation of greenhouse gas emissions allowances to retail sellers and local publicly owned electric utilities, or other regulatory mechanisms, to account for increased greenhouse gas emissions in the electric sector from transportation electrification. The nonprofit organization operating the project shall provide, at no profit, not less than 50 percent of the total project cost from nonpublic sources, excluding real property that is transferred or leased. Total project cost includes the value of donated labor, materials, architectural, and engineering services. As part of the edition of the integrated energy policy report, the commission shall evaluate the actual energy efficiency savings, as defined in Section , from negative therm interactive effects generated as a result of electricity efficiency improvements. The commission shall base its estimate at least in part on information developed pursuant to Sections The commission shall base the targets on a doubling of the midcase estimate of additional achievable energy efficiency savings, as contained in the California Energy Demand Updated Forecast, , adopted by the commission, extended to using an average annual growth rate, and the targets adopted by local publicly owned electric utilities pursuant to Section of the Public Utilities Code, extended to using an average annual growth rate, to the extent doing so is cost effective, feasible, and will not adversely impact public health and safety. Before establishing aggregate targets, the commission shall, in a public process that allows input from other stakeholders, adopt a methodology for aggregating electricity and natural gas final end-use energy efficiency savings in a consistent manner based on source of energy reduction and other relevant factors.
The Law on Sales, Agency and Credit Transactions
Employment is a relationship between two parties , usually based on contract where work is paid for, where one party, which may be a corporation , for profit , not-for-profit organization , co-operative or other entity is the employer and the other is the employee. Employees in some fields or sectors may receive gratuities , bonus payment or stock options. In some types of employment, employees may receive benefits in addition to payment.
How are different types of worker distinguished? For each section of said article, different labour legislation is applicable: the Federal Labour Law; and the Federal Law for State Employees, respectively. If not, do employees have to be provided with specific information in writing? According to the Federal Labour Law, it is mandatory to establish in writing the employment terms and conditions that will govern the employment relationship. The most simple and proper way to do this is through the execution of a written employment agreement, which must be executed in two copies; one for the employee and one for the employer.
Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve. Section 1. Presidential Decree No. Whenever used in this Code, the following terms shall have the respective meanings hereinafter set forth or indicated, unless the context otherwise requires:. Any contingent or unknown event, whether past or future, which may damnify a person having an insurable interest, or create a liability against him, may be insured against, subject to the provisions of this chapter.
Hector S. De Leon. Rex Book Store, - Agency Law - pages.
Ну и. Но тебе там понравится. ГЛАВА 50 Фил Чатрукьян остановился в нескольких ярдах от корпуса ТРАНСТЕКСТА, там, где на полу белыми буквами было выведено: НИЖНИЕ ЭТАЖИ ШИФРОВАЛЬНОГО ОТДЕЛА ВХОД ТОЛЬКО ДЛЯ ЛИЦ СО СПЕЦИАЛЬНЫМ ДОПУСКОМ Чатрукьян отлично знал, что к этим лицам не принадлежит. Бросив быстрый взгляд на кабинет Стратмора, он убедился, что шторы по-прежнему задернуты.
Жемчугами из Майорки. - Неужели из Майорки. Вы, должно быть, много путешествуете.
Соши прочитала снова: - …Искусственно произведенный, обогащенный нейтронами изотоп урана с атомным весом 238.
The distinction between the so-called civil sales and commercial sales is eliminated. correlative obligations towards each other — the seller, to deliver and transfer AND FORM OF THE CONTRACT 43 Sale distinguished from agency to sell. it is a sale of goods even though the item is manufactured by labor furnished.