1489-1505 - CHAPTER2 CAPACITYTOBUYORSELL

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CHAPTER 2 CAPACITY TO BUY OR SELL    Art. 1489. All persons who are authorized in this Code to obligate themselves, may enter into a  contract of sale, saving the modifications contained in the following articles. Where necessaries are those sold and delivered to a minor or other person without capacity to  act, he must pay a reasonable price therefor. Necessaries are those referred to in Article 290.  (1457a) Art. 1490. The husband and the wife cannot sell property to each other, except: (1) When a separation of property was agreed upon in the marriage settlements; or  (2) When there has been a judicial separation or property under Article 191. (1458a) Art. 1491. The following persons cannot acquire by purchase, even at a public or judicial auction,  either in person or through the mediation of another: (1)   The   guardian,   the   property   of   the   person   or   persons   who   may   be   under   his  guardianship;  (2) Agents, the property whose administration or sale may have been entrusted to them,  unless the consent of the principal has been given;  (3) Executors and administrators, the property of the estate under administration;  (4) Public officers and employees, the property of the State or of any subdivision thereof,  or of any government-owned or controlled corporation, or institution, the administration of  which has been intrusted to them; this provision shall apply to judges and government  experts who, in any manner whatsoever, take part in the sale;  (5) Justices, judges, prosecuting attorneys, clerks of superior and inferior courts, and  other officers and employees connected with the administration of justice, the property  and   rights   in   litigation   or   levied   upon   an   execution   before   the   court   within   whose  jurisdiction or territory they exercise their respective functions; this prohibition includes  the act of acquiring by assignment and shall apply to lawyers, with respect to the property  and rights which may be the object of any litigation in which they may take part by virtue  of their profession.  (6) Any others specially disqualified by law. (1459a)
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Art.   1492.   The   prohibitions   in   the   two   preceding   articles   are   applicable   to   sales   in   legal  redemption,   compromises   and   renunciations.   (n)     CHAPTER 3 EFFECTS OF THE CONTRACT WHEN THE THING SOLD HAS BEEN LOST    Art. 1493. If at the time the contract of sale is perfected, the thing which is the object of the  contract has been entirely lost, the contract shall be without any effect. But if the thing should have been lost in part only, the vendee may choose between withdrawing 
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This note was uploaded on 05/24/2011 for the course LAW 101 taught by Professor Roman during the Spring '11 term at Auburn University.

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1489-1505 - CHAPTER2 CAPACITYTOBUYORSELL

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