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Civil Code, Art. 1628

Assignment of Credits and Other Incorporeal Rights · Formerly Art. 1529 of the old Civil Code

Statute
Civil Code
Article
Art. 1628
Topic
Assignment of Credits and Other Incorporeal Rights
Book
BOOK IV Obligations and Contracts
Title
TITLE VI SALES
Chapter
CHAPTER 8 Assignment of Credits and Other Incorporeal Rights
Formerly
Art. 1529 of the old Civil Code
Year
1949

The provision

The vendor in good faith shall be responsible for the existence and legality of the credit at the time of the sale, unless it should have been sold as doubtful; but not for the solvency of the debtor, unless it has been so expressly stipulated or unless the insolvency was prior to the sale and of common knowledge. Even in these cases he shall only be liable for the price received and for the expenses specified in No. 1 of article 1616. The vendor in bad faith shall always be answerable for the payment of all expenses, and for damages. (1529)

Cases applying this article

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