ART 1312 states that
In contracts creating real rights, third persons who come into possession of the object of the contract are bound thereby, subject to the provisions of the Mortgage Law and the Land Registration laws
ART 1312 is an exception to the ___________
general rule that a contract binds only the parties
3rd persons who come into possession of the object of ac ontract over which there is a real right, __________
are bound thereby even if they were not parties to the contract
However if the real right is not registered, 3rd persons who __________
acted in good faith are protected under the provisions of the Property Registration Decree