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Contract of Sale

Contract to Sell

Title over the property passes to the buyer upon delivery unless there is a contrary agreement

Ownership is retained by the seller whether or not there is delivery. Ownership passes to the buyer only upon full payment of the price

Non-payment of the purchase price is a negative resolutory condition, meaning the sale becomes ineffective upon the happening of such condition

The payment in full is a positive suspensive condition, meaning, if the purchase price is not paid, the obligation to deliver and to transfer ownership on the part of the seller does not become effective

After delivery of the objective, the seller loses ownership over it. Unless, the contract is set aside, he cannot recover the object

Whether there is delivery or not, the seller retains the ownership of the object. If the seller, due to non-payment of the price is ousting the buyer from the property, he (seller) is not rescinding the contract of sale but is precisely enforcing it.

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Q: What is the difference between contract of sale and contract for sale?
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