Private/Contract law Flashcards
What are the two fields of law?
- Private law (relation between private parties)
- Public law (regulates the behavior of the government)
What is a legal person?
A group of persons or secluded capital that are/is an independent bearer of rights and obligations.
What are the three types of legal subjects?
Natural person (human being), civil legal person, and public legal person.
What is a legal object?
The object to which the laws apply.
What are the three requirements for a legal act to be valid?
- The legal subject is capable of exercising his/her legal rights.
- The will to establish a legal effect.
- A statement in which the will to a legal effect is revealed.
What is a contract?
A legal status between two or more persons in which the creditor has the right to a specified performance and the debtor is obligated to perform.
What are the two types of agreement?
- Unilateral agreement (overeenkomst) ->1 obligation (e.g. donation)
- Reciprocal or multilateral agreement -> 2 or more obligations.
What is the basis of any contract?
Consensus. The freedom of contract is limited by law, and an agreement cannot be contrary to public/good moral, public order, or compulsory law.
What is a terms and conditions?
It is applicable in multiple agreements and not about the core of the contract (price, quality). It is unliterally imposed!!
What is representation?
Performing legal acts on behalf of someone else by someone who has the capacity to do so. Representative has a legal base for representation. Representative has no legal relation to the third party.
What is power of attorney?
The represented gives the representative the capacity to perform legal/juridical acts in his/her name.
What is fulfilment (in an agreement)?
Debtors should comply with the obligations arising from the contract. The obligation disappears when the fulfilment is done.
What happens when there is no fulfilment (in an agreement)?
You can ask for fulfilment, damages, or rescission (ontbinding).
What is rescission?
What are requirements for rescission?
What happens after rescission?
When performance is permanently impossible or no longer needed/wanted.
Requirements for rescission:
- reciprocal agreement (contract to cancel the contract)
- failure of the debtor
- debtor is in default
- failure warrants rescission.
When recission:
- no retroactivity = (partial) fulfillment needs to be reversed
- Debtor has a right to redelivery
- Contract for cancellation
What is the statute of limitation / perscriptive period (verjaring)?
The period of time after which legal proceedings cannot be taken.
Fulfilment has a 5-year period
Damages have a 5 or 20-year period or never
Rescission has a 5-year period