Civil Code Art. 1461: Nature and Form of the

Statute: Civil Code
Article: Art. 1461
Topic: Nature and Form of the Contract
Book: BOOK IV Obligations and Contracts
Title: TITLE VI SALES
Chapter: CHAPTER 1 Nature and Form of the Contract
Year: 1949

The provision

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)

Cases applying this article

C.N. Hodges v. Alberto Granada G.R. No. 39496

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