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Business Contracts

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 1: Contract of sale

    • Title 1: Classification of the contract

      • Chapter 1: Components of the contract of sale

        • Section 2: Payment of a price in consideration

          • III: Forms of payment

            • A: Payment of a sum of money

            • B: Set-off of debt (compensation)

            • C: Payment in kind

32. Payment of a sum of money

1 minute de lecture

A contract of sale is a contract for valuable consideration by which one party receives from the other a benefit in return for that which it provides: one party undertakes to deliver a thing, and the other to pay for it (Art. 1582 Civil Code). By definition, this type of transaction is quite different from a gratuitous agreement, which is characterized by the fact that “one of the parties provides …

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