Article 1524
ELI5— what this means for you
The seller shall not be bound to deliver the thing sold, if the buyer has not paid him the price, or if no period for the payment has been fixed in the contract.
Official text — RA 386
The vendor shall not be bound to deliver the thing sold, if the vendee has not paid him the price, or if no period for the payment has been fixed in the contract. (1466)
Source: lawphil.net (RA 386 as amended)
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