Text of the provision
Art. 1340. The usual exaggerations in trade, when the other party had an opportunity to know the facts, are not in themselves fraudulent.
(n)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
The usual exaggerations in trade ("dealer's talk") are not fraudulent when the other party had the opportunity to know the facts.
Questions about this provision
Related provisions
- Article 1339 — Fraud by Concealment.
- Article 1341 — Expression of Opinion.
Cases citing this article
- Philippine Steel Coating Corp. vs. Eduard Quiñones, G.R. No. 194533, April 19, 2017 — read the decision on LawPhil →
- Alejandro V. Tankeh vs. Development Bank of the Philippines, et al, G.R. No. 171428, November 11, 2013 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.