Text of the provision
Art. 1589. The vendee shall owe interest for the period between the delivery of the thing and the payment of the price, in the following three cases:
(1) Should it have been so stipulated;
(2) Should the thing sold and delivered produce fruits or income;
(3) Should he be in default, from the time of judicial or extrajudicial demand for the payment of the price.
(1501a)
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 buyer owes interest between delivery and payment in three cases: when stipulated, when the thing produces fruits or income, or when the buyer is in default after demand.
Related provisions
- Article 1590 — Buyer's Right to Suspend Payment.
Cases citing this article
- Jose Marques, et al. vs. Far East Bank and Trust Company, et al. / Far East Ban and Trust Company, et al. vs. Jose Marques, et al, G.R. No. 171379 / G.R. No. 171419, January 10, 2011 — read the decision on LawPhil →
- Violeta Espino vs. Normandy P. Amora, et al, G.R. No. 172816, March 3, 2008 — read the decision on LawPhil →
- Phil. Phosphate Fertilizer Corp. vs. Kamalig Resources Inc, G.R. No. 165608, December 13, 2007 — read the decision on LawPhil →
- Gregorio Fule vs. Court of Appeals, et al, G.R. No. 112212, March 2, 1998 — read the decision on LawPhil →
- Tropical Homes, Inc. vs. Court of Appeals, G.R. No. 111858, May 14, 1997 — 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.