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

Related provisions in this Chapter

Civil Code, Art. 1507 is found in CHAPTER 4 Obligations of the Vendor 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 Provisions may have been amended or repealed.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.