Essentialia Negotii

Essentialia Negotii

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Essentialia negotii is Latin for "essential aspects" or "basic terms" and is legal term used in contract. It denotes the minimum contents of a contract in order for it to be held effective and legally binding. Two parties purport to "agree" to have concluded a contract for a car, but have not actually worked out a price, it cannot be said that they have concluded a contract. The price would seem to be an "essential term." If further, the "buyer" had gone to a car dealer and said he would pay 10,000 for a car, but has not said which car, a "essential term" is probably lacking again. The price and the thing exchanged are examples of essential terms in simple sale of goods contracts.show more

Product details

  • Paperback | 88 pages
  • 152 x 229 x 5mm | 141g
  • Fidel
  • United States
  • English
  • 6135666185
  • 9786135666182