Text of the provision
Art. 1527. Subject to the provisions of this Title, the unpaid seller of goods who is in possession of them is entitled to retain possession of them until payment or tender of the price in the following cases, namely:
(1) Where the goods have been sold without any stipulation as to credit;
(2) Where the goods have been sold on credit, but the term of credit has expired;
(3) Where the buyer becomes insolvent. The seller may exercise his right of lien notwithstanding that he is in possession of the goods as agent or bailee for the buyer.
(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 unpaid seller in possession may retain the goods until payment when sold without credit, when the credit term has expired, or when the buyer becomes insolvent — even if he holds as the buyer's agent or bailee.
Related provisions
- Article 1526 — Rights of an Unpaid Seller.
- Article 1528 — Lien After Part Delivery.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.