Article 1475. The contract of sale is perfected at the moment there is a meeting of minds upon the thing which is the object of the contract and upon the price. From that moment, the parties may reciprocally demand performance, subject to the proisions of the law goerning the form of contracts. !145"a# Article 14$%. All persons who are authori&ed in this 'ode to obligate themseles, may enter into a contract of sale, saing the modi(cations contained in the following articles. )here necessaries necessaries are those sold and deliered to a minor or other person without capacity to act, he must pay a reasonable price therefor. *ecessaries are those referred to in article +%". !1457a# Article 14%". The husband and the wife cannot sell property to each other, ecept!1# )hen a separation of property was agreed upon in the marriage settlements or !+# )hen there has been a judicial separation separation of property under article 1%1. !145$a# Article 14%1. The following persons cannot ac/uire by purchase, een at a public or judicial auction, auction, either in person or through the mediation of another!1# The guardian, the property of the person or persons who may be under his guardianship !+# Agents, the property whose administration or sale may hae been intrusted to
them, unless the consent of the principal has been gien !0# ecutors and administrators, administrators, the property of the estate under administration !4# 2ublic o3cers and employees, the property of the tate or of any subdiision thereof, or of any goernmentowned or controlled corporation, or institution, institution, the administration of which has been intrusted to them this proision shall apply to judges and goernment goernment eperts who, in any manner whatsoeer, ta6e part in the sale !5# ustices, judges, prosecuting attorneys, cler6s of superior and inferior courts, and other o3cers and employees connected with the administration of justice, the property property and and rights in litigation or leied upon an eecution before the court within whose jurisdiction jurisdiction or territory territory they eercise their respectie functions this prohibition includes the act of ac/uiring by assignment and shall apply to lawyers, with respect to the property and rights which may be the object of any litigation in which they may ta6e part by irtue of their profession !8# Any others specially dis/uali(ed by law. !145%a# Article 148". A thing is determinate when it is particularly designated or physical segregated from all others of the same class. The re/uisite re/uisite that a thing thing be determinate determinate is satis(ed if at the time the contract is entered into, the thing is capable of being made
determinate without the necessity of a new or further agreement agreement between the parties. !n# Article 145$. 9y the contract of sale one of the contracting parties obligates himself to transfer the ownership and to delier a determinate thing, and the other to pay therefor a price certain in money or its e/uialent. A contract of sale may be absolute or conditional. conditional. !1445a# Article 1474. )here the price cannot be determined in accordance with the preceding articles, or in any other manner, the contract is ine3cacious. :oweer, if the thing or any part thereof has been deliered to and appropriated by the buyer he must pay a reasonable price therefor. )hat is a reasonable price is a /uestion of fact dependent on the circumstances of each particular case. !n#
Article 1481. Things haing a potential eistence may be the object of the contract of sale. The e3cacy of of the sale of a mere hope or epectancy is deemed subject to the condition that the thing will come into eistence. The sale of a ain ain hope or epectancy is oid. !n# Article 148+. The goods which form the subject of a contract of sale may be either eisting goods, owned or possessed by the
seller, or goods to be manufactured, raised, or ac/uired by the seller after the perfection of the contract of sale, in this Title called ;future goods.; There may be a contract of sale of goods, whose ac/uisition by the seller depends upon a contingency which may or may not happen. !n# Article 1485. Things subject to a resolutory condition may be the object of the contract of sale. !n# Article 15"0. )hen there is a contract of sale of speci(c goods, the seller may, by the terms of the contract, resere the right of possession or ownership in the goods until certain conditions hae been ful(lled. The right of possession or ownership may be thus resered notwithstanding the deliery of the goods to the buyer or to a carrier or other bailee for the purpose of transmission to the buyer. )here goods are shipped, and by the bill of lading the
goods are delierable to the seller or his agent, or to the order of the seller or of his agent, the seller thereby reseres the ownership in the goods. 9ut, if ecept for the form of the bill of lading, the ownership would hae passed to the buyer on shipment of the goods, the seller
lading if he does not honor the bill of echange, and if he wrongfully retains the bill of lading he ac/uires no added right thereby. =f, howeer, the bill of lading proides that the goods are delierable to the buyer or to the order of the buyer, or is indorsed in blan6, or to the buyer by the consignee named therein, one who purchases in good faith, for alue, the bill of lading, or goods from the buyer will obtain the ownership in the goods, although the bill of echange has not been honored, proided that such purchaser has receied deliery of the bill of lading indorsed by the consignee named therein, or of the goods, without notice of the facts ma6ing the transfer wrongful. !n# Article 147$. The parties may stipulate that ownership in the thing shall not pass to the purchaser until he has fully paid the price. !n#
