Transactions Made on a Condition

A transaction shall be considered made on a condition precedent, if the parties have placed the arising of rights and duties in dependence upon a circumstance with respect to which it is unknown whether it will occur or not occur.

A transaction shall be considered made on a condition subsequent, if the parties have placed the termination of rights and duties in dependence upon a circumstance with respect to which it is unknown whether it will occur or not occur.

If the occurrence of a condition is hindered in bad faith by a party to whom the occurrence of the condition is disadvantageous, then the condition shall be considered as having occurred.

If the occurrence of the condition is aided in bad faith by a party for whom the occurrence of the condition is advantageous, then the condition shall be considered as not having occurred.

 

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