Article 1482
RA 386 · Civil Code of the PhilippinesKey provision
ELI5— what this means for you
Earnest money (arras): when a buyer gives earnest money as part of the price, it is considered proof of the contract's perfection and forms part of the purchase price.
Key point
Earnest money is not just a deposit — it forms part of the price and signals a binding contract of sale.
Official text — RA 386
Full article text is being added. Read the official text at officialgazette.gov.ph.
Related
RELATED RIGHTS
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