WHEN IS OWNERSHIP TRANSFERRED?

• Ownership of the thing sold may be acquired by the buyer from the moment it is delivered to him.

• There is delivery when the object is placed in the control and possession of the buyer.

• When the sale is made through a public instrument, the execution of the public instrument shall be equivalent to the delivery of the thing.

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HEREDITARY RIGHTS OF AN ADOPTED CHILD

• A minor may be legally adopted

• An adopted child is considered a legitimate son or daughter of the adopter(s)

• An adopted child may inherit both from his adopters and his biological parents

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BOARD MEETINGS THROUGH TELECONFERENCING AND OTHER REMOTE OR ELECTRONIC MEANS OF COMMUNICATION

• Directors who cannot physically attend or vote at board meetings can participate and vote through remote communication.

• Remote Communication means the transfer of data between two or more devices not located at the same site.

• For the convenience of their stockholders and members, corporations shall issue their own internal procedures embodying the mechanisms for participation in meetings and voting through remote communication or in absentia.

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WHAT IS AGENCY TO SELL?

• By the contract of agency, a person binds himself to render some service or to do something in representation or on behalf of another, with the consent or authority of the latter.

• In an agency to sell, the agent has simply to account for the proceeds of the sale he may make on the principal’s behalf.

• In an agency to sell, the agent in dealing with the thing received, must act and is bound according to the instructions of his principal.

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