Civil Code Art. 1515: Obligations of the Vendor

Statute: Civil Code
Article: Art. 1515
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: A Supreme Court decision

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

Related provisions in this Chapter

Civil Code, Art. 1518 Obligations of the Vendor
Civil Code, Art. 1511 Obligations of the Vendor
Civil Code, Art. 1510 Obligations of the Vendor
Civil Code, Art. 1520 Obligations of the Vendor
Civil Code, Art. 1509 Obligations of the Vendor
Civil Code, Art. 1521 Obligations of the Vendor
Civil Code, Art. 1508 Obligations of the Vendor

Civil Code, Art. 1515 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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