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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

7. Components of the contract of sale

1 minute de lecture

Under Article 1582, paragraph 1 of the Civil Code, a contract of sale is “an agreement by which one party undertakes to deliver a thing, and the other to pay for it”. It thus follows that a contract of sale is a bilateral contract ("contrat synallagmatique") concluded for valuable consideration: bilateral, because, as stipulated in new Article 1106 , “the contracting parties are mutually obliged t …

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