Table of contents (expand)
- Subject, method and principles of commercial law
- Trade Law
- Non-legislative sources
- State control over compliance with the rules of commercial activity
- Protection against illegal actions of regulatory authorities
- Individual entrepreneur
- Responsibility of an individual entrepreneur. Termination of its activity
- Commercial organizations
- Separate and non-separate divisions
- Objects of civil rights of an entrepreneur
- Money (currency) and securities
- Real estate. Works and services. Accounts receivable. debts
- Product concept
- Means of individualization of a commercial organization
- Means of individualization of products, goods, works or services
- The concept of a commodity market
- Structure and infrastructure of the commodity market
- Markets of perfect and imperfect competition. Protection of competition
- The concept of competition under Russian law
- Abuse of an economic entity by its dominant position
- Commodity exchange
- Features of exchange trading
- Auction house. auction trading
- Organization of auction trade. Auction technique
- wholesale fair
- Commercial commitment
- Classification of commercial obligations
- Commercial transaction: concept and types
- Contract in commercial activity
- Content of the contract
- Form of contract
- Interpretation of the contract. Registration of the contract
- Ways to conclude a contract
- Change and termination of the contract. Change of persons in obligation
- Types of civil law contracts used in commercial activities
- The concept and types of commercial contracts
- The concept of the sale of goods, works or services. Implementation agreement
- Barter agreement
- Trade credit agreement
- Legal regulation of contractual relations. Preamble to the treaty
- Identification of the legal status of the counterparty in the transaction
- subject of a contract
- Product quality
- Packaging and labeling
- Assortment, completeness and set of goods. Delivery time
- The main obligations of the parties. Time of transfer of ownership
- The difference between a supply contract and a retail sale contract
- Price basis
- Principles for determining the price of goods, works or services for tax purposes
- Form of non-cash payments. Settlements by payment orders
- Settlements by letter of credit, by collection, by checks
- Information constituting a trade secret
- Responsibility and procedure for settling disputes of entrepreneurs
- Ways to ensure the fulfillment of contractual obligations
- Penalty
- Pledge and retention
- Surety agreement. Deposit
- Bank guarantee
- Operational measures. Options for the supplier in case of violation of obligations by the payer
- Options for the payer in case of violation of obligations by the supplier
- Termination of obligations under the contract
- Commercial representation
- Commercial mediation. Labor representation
- Contract of agency
- Commission agreement
- Agency contract
- Transportation of goods. Contract for the carriage of goods
- Agreement on the organization of cargo transportation. Chartering agreement (charter). Freight Forwarding Agreement
- The concept and types of warehouse services
- Warehousing agreement
- Warehouse receipts
- The concept and general characteristics of franchising. Commercial concession agreement
- Varieties of franchising
- Benefits of franchising as a type of business activity for its participants
- The concept of marketing activities
- Concept, principles, types and goals of marketing research. Sources of information
26. COMMERCIAL OBLIGATION
According to Art. 307 of the Civil Code in force obligations one person (debtor) is obliged to perform a certain action in favor of another person (creditor), such as: transfer property, perform work, pay money, etc., or refrain from a certain action, and the creditor has the right to require the debtor to fulfill his obligations . Thus, the essence of legal obligations is to oblige specific persons to certain behavior, providing for a property goal.
Commercial commitment arises from the agreement of participants in commercial activities, which should take into account a certain variety of obligations and features of their implementation. The terms of business contracts are, in fact, aimed at the legal regulation of the fulfillment of obligations. The wording of these conditions forms the legal structure of the contract.
Proper performance is enshrined in the Civil Code as the only principle for the performance of obligations. Its essence boils down to the following: an obligation must be fulfilled in accordance with its terms and requirements of the law, other legal acts, and in the absence of such conditions and requirements, in accordance with business practices or other usually imposed requirements (Article 309 of the Civil Code).
Proper execution possible with the obligatory observance of the following five elements:
▪ proper subject;
▪ appropriate subject;
▪ proper method of execution;
▪ proper place of performance;
▪ proper deadline.
Due performance means that the obligation is terminated.
Default occurs when, at the time of expiration of the obligation to fulfill the obligation, one of the following two conditions is found out:
a) the debtor did not perform those actions that are provided for by the agreement, and the parties actually remain in the position that existed before the conclusion of the agreement; in other words, the action constituting the subject of the contract has not been committed;
b) the actions of the debtor resulted in significant damage to the creditor.
Improper execution are those cases when the performance is provided, but it does not meet the requirements (conditions) fixed in the contract (i.e. non-fulfillment of certain terms of the contract).
Since non-performance or improper performance does not terminate the obligation, then, in addition to incurring property liability (for example, indemnification), the main obligation of the debtor is to properly fulfill his obligation. But if the parties foresee that the probability of non-performance is high, then for such a situation they can provide in the contract for the use of the right to secure performance (for example, a pledge) or the use of some method of terminating the obligation (for example, compensation).
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