Please enable JavaScript.
Coggle requires JavaScript to display documents.
THEORY OF CONTRACTS ((ELEMENTS. EXISTENCE, VALIDITY, REAL: The thing or…
THEORY OF CONTRACTS
-
EXTINCTION
Compliance is the most natural and common way of termination of contracts, which occurs when each of the parties fulfills their obligations, so that the purpose of the contract disappears and therefore extinguishes
INTERPRETATION
-
interpretation of commercial contracts, first of all the literalness of
the clauses agreed by the parties, and, failing that, that is, not being resolved andl
conflict according to the literal meaning of these clauses, must then occur to the
-
THEORY OF IMPREVISION: It is the consequence of the problem that arises
when the economic conditions of a contract are substantially altered and that motivate the breach of the obligation.
APPLIES WHEN:
-
- You have to mediate the occurrence of a fact
-
-
CONCEPTS
AGREEMENT: agreement between two or more people or entities on an issue.
CONTRACT: Agreement, generally written, by which two or more parties mutually agree to respect and fulfill a series of conditions.
-
-
-