Introduction Flashcards
(Roman Law) Concept of an obligation
- A legal connection between legal subjects.
- Resulting in the rights and duties created to be recognised by law
Components of a legal obligation
- right of creditor (claim performance)
- duty of debtor (perform accordingly)
Legal obligation (definition)
- a legal tie between legal subjects
- recognised by the law
- that through established facts (contract or delict)
- creates (personal) rights and duties between parties
(general rule: LO is source of all legal claims and personal rights)
civil vs natural obligation
- civil —-> recognised and enforced by law
- natural —-> recognised but not enforced by law
Sources of legal obligations
- contract
- delict
- administrative authority
Requirements for a delict to give rise to LO
- conduct (act or omission)
- unlawfulness
- fault (intent or negligence)
- causation and damage
Requirements for contract to give rise to LO
- Consensus
- Contractual capacity
- Legality
- Physical possibility and certainty
- Formalities
Contract (definition)
- an agreement made with serious intention
(contract vs agreement of social nature) - of creating legal obligation
- that give rise to the rights and duties of the parties
Purpose of a contract
establish rights and duties to parties
Cession (definition)
when rights are transferred from one party to the contract (cedent) to another person (cessionary)
Rules of cession
- cedent and cessionary must enter into contract of cession
- consent/knowledge/co-operation of debtor not required (but cannot claim further performance from debtor)
- no formalities required
- no prohibition on what rights to transfer except those of highly personal nature
- no one may transfer more than they have (nemos plus iuris)
- may be ceded as a form of security (security cessions)
Types of security cessions
- securitatem debiti —-> ownership of right passes down to cessionary
- pledge —-> ownership of right remains with cedent (default position)
Delegation (definition)
- transfer of duties
- tri-partite agreement (OG debtor, New debtor and Creditor)
Rules of delegation
- creditor must know the identity of the debtor
- consent of creditor is required
Assignment (definition)
- where cession and delegation happen simultaneously
- tri-partite agreement