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Коммерческое право. Коммерческая сделка: понятие и виды (самое важное)

Lecture notes, cheat sheets

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28. COMMERCIAL TRANSACTION: CONCEPT AND TYPES

Terms of commercial obligations are formalized in deals, i.e. actions of individual entrepreneurs and legal entities aimed at establishing, changing or terminating civil rights and obligations in the field of commercial activity.

Civil law allows for both oral and written form of a transaction, but in the relations of legal entities among themselves and with citizens, with the exception of transactions requiring notarization, the transaction must be made in simple written form (Article 161 of the Civil Code).

With the adoption of the Federal Law of January 10, 2002 No. 1-FZ "On Electronic Digital Signature", participants in civil transactions (including entrepreneurs) have the right to conclude transactions in the form of electronic documents.

Types of transactions

1. Permanent and fixed-term transactions. In open-ended transactions, neither the moment of its entry into force nor the moment of its termination are determined. Such a transaction takes effect immediately. Accordingly, in forward transactions, either the moment of its entry into force, or the moment of its termination, or both specified moments are determined. Among derivatives transactions, the category stands out conditional transactions, i.e. transactions in which the emergence of the rights and obligations of the parties is timed to coincide with the occurrence of an event for which it is unknown whether it will occur or not. Conditional transactions come in two varieties:

1) a transaction concluded under a suspensive condition, i.e. the parties have made the emergence of rights and obligations dependent on a circumstance for which it is unknown whether it will occur or not; for example, firm X leases premises to firm Y on the condition that it completes the repairs of this premises by a certain date, but at the same time, firm x is not sure that it will complete the repairs, and therefore enters into an agreement that will come into force if the repairs are completed by plan;

2) a transaction made under a resolutive condition, i.e. the parties have made the termination of rights and obligations dependent on a circumstance regarding which it is not known whether it will occur or not.

2. Transactions are consensual and real. All transactions in which the rights and obligations of the parties begin from the moment an agreement is reached on the transaction (for example, supply agreements, leases, credit agreements) are recognized as consensual. For a real transaction, it is typical that rights and obligations cannot arise until the item is transferred to one of the parties or money is transferred to the account of the transaction partner (for example, storage, loan agreements).

3. There is a special group of transactions that are of a fiduciary nature and are called fiduciary. For example, an order, commission, agency, or trust management can be terminated unilaterally if their fiduciary nature is lost.

4. Transactions are one-sided, for which the will of one party is sufficient (for example, a power of attorney), bilateral и multilateral, the implementation of which requires the agreement of the will of two or more persons (contracts).

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