Law 5110 Quiz: Relationship between creditor & debtor
Document Summary
Private law relationship between creditor & debtor: obligations: Central issue of private law; concerns most private law legal proceedings: claiming performance ( see also week 3) main remedy in dcfr and civil law, withholding ones own performance, claiming damages, terminating the contract. But: not always possible to claim performance#terminate contracy#claim damages: performance, art. Iii 3:302 non- monetary obligations: possible, but exceptions: art. [no, for almost all situations] want to receive performace anymore, constructor cannot sue client for money anymore, its justified because long term relaionship], long term contracts. Sub(b): e. g. construction contract[constructor-client, client let know that he doesn"t. Reciprocal obligation [there"s duty to perform, both parties has to perform] [current security: the creditoir receives part of the performance > can withold half of the price, termination. (i) non-performance should be serious enough art. 3:503: delay/not fundamental - notice fixing additional time. (ii) notice of termination within reasonable time[ art.
