Civil Code Art. 1473: Nature and Form

Statute: Civil Code
Article: Art. 1473
Topic: Nature and Form of the Contract
Status: In force
Book: BOOK IV Obligations and Contracts
Title: TITLE VI SALES
Chapter: CHAPTER 1 Nature and Form of the Contract
Formerly: Art. 1449a of the old Civil Code
Year: 1949
Cited by: Multiple Supreme Court decisions

The provision

The fixing of the price can never be left to the discretion of one of the contracting parties. However, if the price fixed by one of the parties is accepted by the other, the sale is perfected. (1449a)

Intellegal Wiki · In plain terms

The price in a sale cannot be left entirely to one party's discretion to set. However, if one party proposes a price and the other freely accepts it, that mutual agreement perfects the sale.

An editorially maintained plain-language explanation of this provision — not legal advice.

Cases applying this article

Rufina Yatco v. Jesualdo Gana G.R. No. 3876
Generosa Aviles v. Segunda Arcega G.R. No. 18341
Eugenio Cagaoan v. Felix Cagaoan G.R. No. 17900
Narcisa Sanchez v. Roque Ramos G.R. No. 13442
Faustino Lichauco v. Jose Berenguer G.R. No. 11907
Domiciano Gonzaga v. Angel Javellana G.R. No. 6843
Jose Cojuangco v. Manuel Rodriguez G.R. No. 5359
Telesforo Alo v. Clodoaldo Rocamora G.R. No. 2440

Related provisions in this Chapter

Civil Code, Art. 1474 Nature and Form of the Contract
Civil Code, Art. 1471 Nature and Form of the Contract
Civil Code, Art. 1475 Nature and Form of the Contract
Civil Code, Art. 1470 Nature and Form of the Contract
Civil Code, Art. 1476 Nature and Form of the Contract
Civil Code, Art. 1469 Nature and Form of the Contract
Civil Code, Art. 1477 Nature and Form of the Contract
Civil Code, Art. 1468 Nature and Form of the Contract

Civil Code, Art. 1473 is found in CHAPTER 1 Nature and Form of the Contract of TITLE VI SALES of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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Reviewed by the Intellegal Legal Team for currency against amending laws and Supreme Court jurisprudence.

Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.