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Civil law. Part II. Concept, types, characteristics and meaning of a sales contract. Rights and obligations of the parties (most important)

Lecture notes, cheat sheets

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1. CONCEPT, TYPES, CHARACTERISTICS AND SIGNIFICANCE OF THE AGREEMENT OF SALE. RIGHTS AND OBLIGATIONS OF THE PARTIES

Contract of sale - this is an agreement under which one party (seller) undertakes to transfer property to the other (buyer) by paying a certain amount of money for it (Article 454 of the Civil Code).

Types of contract of sale (Section 28, Chapter 30 of the Civil Code):

▪ retail purchase and sale;

▪ delivery;

▪ supply of goods for government needs;

▪ contracting;

▪ energy supply;

▪ sale of real estate;

▪ sale of the enterprise.

Some of the above types of contracts have varieties.

Characteristics of the contract of sale: consensual, compensatory, mutual.

The contract of sale is included in the group of obligations for the transfer of property into ownership (in addition to it, this group includes three more contracts: exchange, donation, rent). This is the most common type of contract in civil circulation. It is widely used both domestically and in international trade.

Significance of the contract of sale lies in the fact that it simultaneously generates both a relative legal relationship (mandatory) and an absolute (real right).

The seller is obliged transfer to the buyer:

▪ goods of appropriate quality (Article 469 of the Civil Code), in appropriate quantity (Article 465, 466 of the Civil Code), assortment (Article 467 of the Civil Code), completeness (Article 478, 480 of the Civil Code) and set (Article 479 of the Civil Code). The condition regarding the quantity of goods is essential; the moment of transfer of goods is the moment of its delivery, or provision for disposal, or transfer of it to the carrier (Article 458 of the Civil Code);

▪ goods in containers or packaging (Articles 481, 482 of the Civil Code);

▪ accessories and documents related to the transferred goods (Article 464 of the Civil Code);

▪ goods free from the rights of third parties to it (Article 460 of the Civil Code). If a third party, who has the right of ownership of the goods sold to the buyer, exercises his right to alienate it from the latter (such a right is called eviction), the seller is obliged to compensate the buyer for the cost of the goods taken from him (clause 1 of Article 461 of the Civil Code).

In addition, the contract of sale may provide for the obligation of the seller to insure the goods he sells.

The seller has the right demand from the buyer:

▪ payment for the goods transferred to him;

▪ return of sold goods in case of non-payment, provided that the goods are transferred to the buyer on the terms of retaining the seller’s ownership of it until payment (Article 491 of the Civil Code).

The buyer must:

▪ pay for the purchased goods either in full or in parts, or directly upon transfer, or before or after its transfer;

▪ notify the seller of his improper performance of the contract (Article 483 of the Civil Code);

▪ insure the purchased goods, if this obligation is provided for in the contract.

Buyer's right - demand from the seller to transfer to him the goods purchased by him, corresponding to the terms of the contract, within the appropriate period.

>> Forward: Elements of a sales contract

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