Civil Code Art. 1515: Obligations of the Vendor

Statute: Civil Code
Article: Art. 1515
Topic: Obligations of the Vendor
Book: BOOK IV Obligations and Contracts
Title: TITLE VI SALES
Chapter: CHAPTER 4 Obligations of the Vendor
Year: 1949

The provision

Where a negotiable document of title is transferred for value by delivery, and the indorsement of the transferor is essential for negotiation, the transferee acquires a right against the transferor to compel him to indorse the document unless a contrary intention appears. The negotiation shall take effect as of the time when the indorsement is actually made. (n)

Cases applying this article

Rufina Yatco v. Jesualdo Gana G.R. No. 3876

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