Article 1479

RA 386 · Civil Code of the Philippines

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A promise to buy and sell a determinate thing for a price certain is reciprocally demandable.

Official text — RA 386

A promise to buy and sell a determinate thing for a price certain is reciprocally demandable.

An accepted unilateral promise to buy or to sell a determinate thing for a price certain is binding upon the promisor if the promise is supported by a consideration distinct from the price. (1451a)

Source: lawphil.net (RA 386 as amended)

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