SALE OR RETURN The ownership is transferred to buyer upon delivery but he has the option to revert such ownership

to the seller. DACION EN PAGO The delivery and transmission of ownership of a thing by the debtor to his creditor to settle a monetary obligation. FUNGIBLE GOODS It refers to interchangeable goods such as grain, oil, etc. that allow one to be replaced by another without loss of value. STRAIGHT SALE The balance is payable in its entirety after the payment of an initial sum. EMPTIO REI SPERATI Sale of an expected thing EARNEST MONEY Proof of the perfection of a contract of sale TRADITION LONGA MANU Delivery of a movable by mere agreement of the parties if the thing cannot be transferred to the vendee at the time of sale POSSESSORY LIEN Unpaid sellers right to retain the goods for the price while he is in possession of them EVICTION The deprivation by final judgment o the vendee of the whole or a part of the thing sold based on a right prior to the sale or an act imputable to the vendor EASEMENT OR SERVITUDE Encumbrance imposed upon an immovable for the benefit of another immovable belonging to a different owner ACCION QUANTI MINORIS It is the buyers remedy which involves the proportionate direction in the price of the thing purchased

PACTUM COMMISORIUM It is a stipulation in a contract of sale involving an immovable that the sale is automatically rescinded upon failure of the buyer to pay the price. CONVENTIONAL REDEMPTION Right of seller to repurchase the thing sold and the exercise of which was reserved by the seller at the time of sale VENDOR The party in a contract of sale who is obligated to transfer the ownership of and to deliver a determinate thing RELATIVE INCAPACITY It applies to persons who, under certain circumstances, cannot purchase certain property WAIVER CONSCIENTE It is made by the buyer without knowledge of the risk of eviction

DATION IN PAYMENT Delivery and transmission of ownership of a thing by the debtor to his creditor to settle a monetary obligation HIGHEST BIDDER He who, at an auction, offers the greatest price for the property sold RIGHT OF SUBROGATION Substitution of one person in the place of another with reference to a lawful claim, demand, or right, so that he or she who is substituted succeeds to the rights of the other in relation to the debt or claim, and its rights, remedies RIGHT OF REIMBURSEMENT Right of a person who has discharged a duty which should have been discharged by another to collect reimbursement from the party who should have discharged the obligation. DEPOSIT

It is a naked bailment of goods to be kept for the bailor, without reward, and to be returned when he shall require it

DEPOSITOR He is a person or company that places money in a bank account DEPOSITARY He is obliged to keep the thing safely and to return it, when required, to the depositor, or to his heirs and successors, or to the person who may have been designated in the contract. DEPOSITARYS RIGHT OF RETENTION The thing retained serves as security for payment of what may be due to the depositary by reason of the deposit. Depositary may foreclose through public auction

REAL RIGHT It creates a lien in the property mortgaged whereby the mortgagee has a right to have the mortgaged property sold to satisfy his claim REAL PROPERTY Real right over immovable property IMMOVABLE An item of property that cannot be moved without destroying or altering it - property that is fixed to the Earth MOVABLE It is also called personal property which can be moved from one place to another CONVENTIONAL MORTAGAGE One of the kinds of mortgage by which created by the agreement of the parties LEGAL MORTAGAGE It is the one executed pursuant to an express requirement of a provision of law ALIENABLE REAL RIGHTS

Those rights that can be surrendered, sold or transferred to someone else