- Statute
- Civil Code
- Article
- Art. 1507
- Topic
- Obligations of the Vendor
- Status
- In force
- Book
- BOOK IV Obligations and Contracts
- Title
- TITLE VI SALES
- Chapter
- CHAPTER 4 Obligations of the Vendor
- Year
- 1949
- Cited by
- Multiple Supreme Court decisions
The provision
A document of title in which it is stated that the goods referred to therein will be delivered to the bearer, or to the order of any person named in such document is a negotiable document of title. (n)
Intellegal Wiki · In plain terms
A document of title, such as a warehouse receipt or bill of lading, is negotiable when it states that the goods will be delivered to the bearer or to the order of a named person. That wording allows the document to be transferred so as to pass rights over the goods.
An editorially maintained plain-language explanation of this provision — not legal advice.
Cases applying this article
- Leonardo Lucido v. Gelasio Calupitan G.R. No. 8200
- Angela Joaquin y Patricio v. Inocencio Aragon G.R. No. 1239
- Cosme Manalo v. Manuel Gueco G.R. No. 16202
- Ramon Mortera v. Inocente Martinez G.R. No. 5096
- Maximino Espiritu v. Jose Luis G.R. No. 2227
Related provisions in this Chapter
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