Article 503. Risk of accidental loss or damage

(1) Risk of accidental loss (including destruction or theft) or damage to the property is borne by the owner unless the law or the contract provides otherwise.
(2) In case of property delivered under a contract of sale or of works with retention of title, of a leasing contract or of another contract whereunder the passage of title is subject to a condition precedent, the risks pass onto the acquirer at the time when he or she takes possession of that property unless the law or the contract provides otherwise.