GEOLOGY 002 Lecture Notes - Lecture 33: Consumer Protection, Force Majeure, United Nations Convention On Contracts For The International Sale Of Goods
Document Summary
Contract law: set of rules and principles that governs transactions among parties, thereby stting the rights and obligations of these parties. Law of contract: consumer contracts + commercial contract. Societies without contract: communism, prehistorical societies without division of labor when people shared everything. Sometimes gratuitous contracts: promise to make a gift, law can make this promise enforceable. I/ sources of contract law: rules made by the contracting parties, freedom of contract. Parties can decide of what the law is. Freedom of contract: the fact that parties can determine with whom they contract and the content of their contract. French civil code of 1804 art 1103: agreements lawfully entered into take the place of the law for those who have made them. : general conditions. General conditions; standardized sets of rules made by the parties that are suited to their own interest. Save parties from having to draft contract: official national, european, and supranational rules, default and mandatory rules.
