Article 1484

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

The Recto Law (installment sales of personal property): in case of default, the seller can (1) demand exact fulfillment, (2) cancel the sale (return the thing, keep the paid installments as rentals), or (3) foreclose — but cannot do all three.

Key point

A seller of personal property on installment must choose one remedy — they cannot foreclose AND claim the balance.

Official text — RA 386

Full article text is being added. Read the official text at officialgazette.gov.ph.

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