Flashcards Studio

Identify the governing doctrine for the transfer of ownership in a sale of movable property and 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 (Carlos) sells a vintage guitar to a buyer (Maya) for 120,000 pesos, agreeing that ownership passes only upon full payment. Carlos hands the guitar to Maya in a music shop, Maya signs a receipt, and takes possession. Two weeks later, Maya pledges the guitar to a bank to secure a loan; the bank takes possession under the pledge. The loan is repaid and the bank returns the guitar to Maya. Who owns the guitar after the pledge, and who owns it after repayment? Explain briefly.