article 1505-1512

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Article 1505-1512 By: Jerald L. Luna

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Article 1505-1512By: Jerald L. LunaArt. 1505General Rule:No one can give wat e doe! not ave"#$ce%tion!:A. &en te owner o' te good! (y i! conduct %recluded 'ro) denying te !eller*! autority.Example: +' A !ell! Bs %ro%erty to C, and B con!ent!, B is e!to%%ed 'ro) denying Asautority to !ell. (Gutierrez Hermanos v. Orense, 28 Pil. !"#$.B. -econd .aragra% /No!. 1, 2, 01 o' Art. 1505Art. 15052"Noting in ti! 3itle, owever, !all a4ect:1. 3e %rovi!ion! o' any 'actor*! act!, recording law! or any oter %rovi!ion o' law ena(ling te a%%arent owner o' good! to di!%o!e o' te) a! i' e were te true owner tereo'52. 3e validity o' any contract o' !ale under !tatutory %ower o' !ale or under te order o' a court o' co)%etent 6uri!diction50. .urca!e! )ade in a )ercant*! !tore or in 'air!, or )ar7et!, in accordance wit te 8ode o' 8o))erceSome Recording Acts/a1 %ale o& lar'e (attle ) no tran!'er o' large cattle !all(e vali* unle!! te !a)e i! re'istere*, and a (erti+(ate o& trans&er o(tained (%e(. !,, -ev. A*m. Co*e$./(1 .an* re'istration la/. (A(t 0,1$./c1 %ale o& vessels 22 record at eac %rinci%al %ort o' entry.(%e(. ##"#, -ev. A*m. Co*e$.&ere te !eller o' good! a! a voida(le title tereto, (ut i! title a! not (een avoided at te ti)e o' te !ale, te (uyer ac9uire! a good title to te good!, %rovided e (uy! te) in good 'ait, 'or value, and witout notice o' te !eller*! de'ect o' title.Art. 150:#4ect i' -eller ;a! A3%.: Ge!, in!o'ar a! te various ol*ers o' te note are concerned, te note i! !till negotia(le. Regarding te intent or lia(ility o' te ma7er, ti! Article doe! not deal wit te !a)e.(%ee Commissioners 3ote, # 8...A., #,!9 E*., %e(. :9, p. :,8$.Art. 1511$%ect of Deli!er" When Document 'annot (e Negotiated (" ere Deli!er"Example o& #st senten(e o& Arti(leA docu)ent o' title wa! non;ne'otia6le. Day it !till (e given or a!!igned to anoter> A3%.: Ge!, (ut ti! doe! not ave te e4ect o' a negotiation. +t i! a )ere tran!'er or a!!ign)ent. (%ee 3ixson vs. A3%.: 3e indor!e)ent i! u!ele!! and doe! not give te indor!ee any additional rigt. 3ere i! in ti! ca!e only a tran!'er or a!!ign)ent.Art. 1512Who a" Negotiate Negotiable Document of TitleExample: A docu)ent o' title contained te 'ollowing word!: Beliver to te order o' > or to te order o' te %er!on to wo) ti! docu)ent a! (een entru!ted (y >." Later, > entru!ted te docu)ent to ?. Day ? negotiate te !a)e (y indor!e)ent>AN-.: Ge!. (Art. #!#2, 3o. 2, #st part$.)*+(" an" ,erson to whom the ,ossession or custod" of thedocumenthasbeenentrustedb"theowner-if-b" thetermsofthedocumentthebaileeissuingthe documentunderta.estodeli!erthegoodstotheorder of the ,erson to whom the ,ossession or custod" of the documenthasbeenentrusted-orifatthetimeofsuch entrustingthedocumentisinsuchformthatitma"be negotiated b" deli!er"+/