Private Law
Ebrahim Shoarian Sattari; Mehrdad Etemad Gharamaleki
Abstract
One of the most pivotal and practical subjects of contract law is whether one may dispose of his or her contractual obligations through the issuance of negotiable documents. This article focuses on the issuance of such instruments as a cheque in the performance of monetary obligations when the issuance ...
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One of the most pivotal and practical subjects of contract law is whether one may dispose of his or her contractual obligations through the issuance of negotiable documents. This article focuses on the issuance of such instruments as a cheque in the performance of monetary obligations when the issuance is dishonored. In fact, the question is whether the issuance and delivery of such instruments convert a civil law obligation into an obligation arising from the issuance of negotiable instruments or whether it is possible to rely upon the original obligation with all its guarantees and consequences. The statutes are silent on the matter. Scholars and jurisprudence are divided. This article comparatively examines various legal systems and international instruments like UNIDROIT Principles of International Commercial Contracts and the Principles of European Contract Law, and by relying on the general principles enshrined in Article 3 of the Code of Civil Procedure, concludes that the better approach is the one that subscribes to the survival of the original obligations. It is hoped that this comparative study can set a model for our future legislative initiatives.
Ebrahim Shoarian Sattari; Roya Shirin Beigpour
Abstract
A breach of an obligation is the requirement for imposing a contractual liability in all legal systems. Such a breach could be dealt with by a series of remedies such as specific performance, termination of the contract and claim for damages. These remedies could be relied upon concurrently as far as ...
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A breach of an obligation is the requirement for imposing a contractual liability in all legal systems. Such a breach could be dealt with by a series of remedies such as specific performance, termination of the contract and claim for damages. These remedies could be relied upon concurrently as far as they are cumulative in nature. Nevertheless, in some circumstances the adequacy of these remedies is in doubt to address such breaches and bad faith. In order to deal with such situations, some international instruments such as UNIDROIT Principles of International Commercial Contracts (UPICC), the Principles of European Contract Law (PECL) and also the Draft Common Frame of Reference (DCFR) have established some specific rules and imposed different and greater liability for breaching contractual obligations or bad faith in order to support the other party and have a deterrent role. In other words, the aggrieved party is not limited to anticipated damages, or in some cases it is possible to demand punitive damages. This article, through a comparative analysis, attempts to examine whether the same rules could apply under Iranian law or not.
