Flashcards Studio

Identify the governing doctrine for the transfer of ownership in a sale of movable property and specify the mode by which ownership passes. Distinguish actual delivery from symbolic delivery and explain what constitutes valid traditio for movables. Apply to the following facts: A seller (Vina) sells a premium wristwatch to a buyer (Theo) for 350,000 pesos, with a stipulation that ownership passes only upon full payment. Vina delivers the wristwatch to Theo in a boutique and Theo signs a receipt, thereby taking possession. Two weeks later, Theo pledges the wristwatch to a bank to secure a loan, and the bank takes possession under the pledge. The loan is repaid and the bank returns the wristwatch to Theo. Who owns the wristwatch after the pledge, and who owns it after repayment? Explain.