Article 1461

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

Things having a potential existence may be the object of the contract of sale.

Official text — RA 386

Things having a potential existence may be the object of the contract of sale.

The efficacy of the sale of a mere hope or expectancy is deemed subject to the condition that the thing will come into existence.

The sale of a vain hope or expectancy is void. (n)

Source: lawphil.net (RA 386 as amended)

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