Sales Contract

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Sales Contract by Mind Map: Sales Contract

1. Contract of Sale Definition

2. Characteristics of the Contract of Sale

2.1. Consensual

2.2. Bilateral

2.3. Onerous

2.4. Commutative

2.5. Aleatory

2.6. Nominate

2.7. Principal

3. Essential Requisites of a Contract of Sale

3.1. Essential elements

3.1.1. Consent or meeting of the minds

3.1.2. Object or subject matter

3.1.3. Cause or consideration

3.2. Natural Elements

3.3. Accidental Elements

4. Kinds of a Contract of Sale

4.1. As to presence or absence of conditions

4.1.1. Absolute

4.1.2. Conditional

4.2. Other kinds

4.2.1. As to the nature of the subject matter

4.2.2. As to the manner of payment

4.2.3. As to its validity

5. Contract of Sale Distinguished from Contract to Sell

5.1. Transfer of title

5.2. Payment of price

5.3. Ownership of vendor

6. Capacity To Buy Or Sell

6.1. Persons Who May Enter Into a Contract of Sale

6.2. Persons Who Are Incapacitated to Enter Into a Contract of Sale

6.2.1. Absolute Incapacity

6.2.1.1. Minor

6.2.1.2. Insane or demented persons

6.2.1.3. Deaf-mutes who do not know how to read and write

6.2.2. Relative Incapacity

6.2.2.1. Husband and wife to each other

6.2.2.2. Guardian

6.2.2.3. Agents

6.2.2.4. Executors or administrators

6.2.2.5. Public officers and employees

6.2.2.6. Judges and government

6.2.2.7. Aliens

6.2.2.8. Unpaid seller

6.2.2.9. Officer

7. Effects Of The Contract When The Thing Sold Has Been Lost

8. Obligations Of The Vendor

9. Condition And Warranties

9.1. Condition

9.2. Warranties

9.2.1. Essential elements of warranty against eviction

9.2.2. Kinds of waiver of eviction

9.2.3. Rights of the vendee against the vendor in case eviction occurs

10. Obligations Of The Vendee

11. Actions For The Breach Of Contract Of Sale Of Goods

11.1. Actions available for breach of the contract of sale of goods:

11.2. Remedies allowed to the buyer when the seller has been guilty of a breach of promise or warranty

12. Extinguishment Of Sale

12.1. Classification of modes

12.1.1. Common

12.1.2. Special

12.1.3. Extra-Special

12.1.3.1. Conventional Redemption

12.1.3.2. Legal Redemption.

13. Assignment Of Credits And Other Incorporeal Rights

13.1. Renunciation

13.2. Agency

13.3. Substitution

13.4. Subrogation

13.5. Binding effects of assignment

14. Sale of Real Properties

15. The Bulk Sales Law

16. Barter Or Exchange