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Article 1954

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

A contract whereby one person transfers the ownership of non-fungible things to another with the obligation on the part of the latter to give things of the same kind, quantity, and quality shall be considered a barter.

Official text — RA 386

A contract whereby one person transfers the ownership of non-fungible things to another with the obligation on the part of the latter to give things of the same kind, quantity, and quality shall be considered a barter. (n)

Source: lawphil.net (RA 386 as amended)

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