Sales
Art. 1458.
Contract of sale-is a contract whereby one of the parties called the seller or vendor obligates himself to deliver something to the other called the buyer or purchases or vendee who on his part, binds himself to pay therefor a sum of money or its equivalent known as the price.
Characteristics of a contract of sale: CBOCNP
- Consensual
- Bilateral
- Onerous
- Commutative
- Nominal
- Principal
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PRESIDENTIAL DECREE No. 1067
A DECREE INSTITUTING A WATER CODE, THEREBY REVISING AND CONSOLIDATING THE LAWS GOVERNING THE OWNERSHIP, APPROPRIATION, UTILIZATION, EXPLOITATION, DEVELOPMENT, CONSERVATION AND PROTECTION OF WATER RESOURCES
WHEREAS, Article XIV, Section 8 of the New Constitution of the Philippines provides, inter alia, that all waters of the Philippines belong to the State;
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