In this task, list down the salient points on all the rights and obligations of both the
vendor and the vendee in a contract of sale using your own words. This will help you
remember the essence of this unit.
Vendor
Rights
To transfer of ownership.
Liability in case of loss.
Right of vendor to claim payment.
Consummation of contract.
Enjoyment of the thing sold.
Right to resell.
Right to rescind the sale.
Right to stoppage in transit.
Right of lien on the goods or right to
retain them for the price while he is in
possession of them.
Vendee
Obligations
To transfer the ownership of the
determinate thing sold.
To deliver the thing, with its accessions
and accessories, if any, in the condition in
which they were upon the perfection of
the contract.
To warrant against eviction and against
hidden defects.
To take care of the thing, pending
delivery, with proper diligence.
To pay for the expenses of the deed of
sale, unless there is a stipulation to the
contrary.
It is not essential to the validity of a resale
that notice of an intention to sell the
goods be given by the seller to the
original buyer.
He must notify the buyer of the rescission
or by some over act of the intention to
rescind.
By taking actual possession of the goods
and by giving notice on his claim to the
carrier or bailee.
Where goods have been sold without any
stipulation as to credit. Where goods
have been sold on credit, but the term of
credit has expired, and where the buyer
becomes insolvent.
 Rights
The vendee has the right to examine the
goods delivered.
To afford the buyer a reasonable
opportunity of examining the goods for
the purpose of ascertaining whether they
are in conformity with the contract.
The vendee may choose between
withdrawing from the contract and
demanding the remaining part, paying its
price in proportion to the total sum agreed
upon.
The vendee has the right if he accepted
the goods or just reject it.
He has the right to choose if he accept as
per contract and reject the rest.
He has the right to choose if he accepted
the whole and pay the price for the
excess.
He has the right to reject the whole if the
subject matter is indivisible.
He has the right of reduction in the
purchase price or rescission.
The vendee has right in sale of real
property.
Obligations
The vendee is bound to accept delivery
and to pay the price of the thing sold at
the time and place stipulated in the
contract.
To pay the price for the thing sold.
To accept delivery of the thing.
At the time and place stipulated in the
contract.
If no stipulation in the contract, at the time
and place of the delivery of the thing.
If there is no stipulation of the place of
delivery, it is at the place the thing was at
the moment of the perfection of the sale.
When he intimates to the seller that he
has accepted them.
When the goods have been delivered,
and he does an act in relation to them
which is inconsistent with the ownership
of the seller.
When after the lapse of a reasonable
time, he retains the goods without
intimating to the seller that he has
rejected them.