Esmat Golshani; Seyed Mahdi Hosseini Modarres
Abstract
Traditionally, in the legal system of France, the fundamental change of circumstances at the time of conclusion of a contract and its impact on the contract and parties to the contract raised two reactions. 1) A legal rule which specifically pertains to the fundamental change of circumstances at the ...
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Traditionally, in the legal system of France, the fundamental change of circumstances at the time of conclusion of a contract and its impact on the contract and parties to the contract raised two reactions. 1) A legal rule which specifically pertains to the fundamental change of circumstances at the time of conclusion of the contract, namely “imprévision”, which was mostly applied in administrative contracts 2) the other concepts which are not specified to the fundamental change of circumstances at the time of conclusion of the contract, however, they were applied in specific conditions, to avoid inappropriate results arising change of circumstances at the time of conclusion of the contract. Finally, As a result of the efforts of doctrine and the judicial precedent in France, the French Civil Code has been amended in 2016; so that the imprévision theory has been explicitly recognized as a rule of general rules of contracts in private contracts. This research will provide a comprehensive picture of how French legal system reacts toward the fundamental change of circumstances by means of analyzing these reactions and law amendments.
Hamid Miri; Mansour Amini; Saman Motaghi Shahri
Abstract
This article discusses Electronic Funds Transfer (EFT) based on an assignment framework. Payment order in EFT is considered to be an assignment offer. If the Fund Transfer is considered on this basis, it must contain conditions for the emergence of an assignment and its legal consequences. In this ...
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This article discusses Electronic Funds Transfer (EFT) based on an assignment framework. Payment order in EFT is considered to be an assignment offer. If the Fund Transfer is considered on this basis, it must contain conditions for the emergence of an assignment and its legal consequences. In this respect, debt or credit as subject matter of this agreement is available in most cases of EFT, even if there is no debtor and creditor relationship between the issuer of the payment order and beneficiary. In terms of intent for creation an assignment, since the issuer is willing to transfer funds that is being holding by bank and there is no need for debtor’s consent and there is no fiduciary relationship between them, the legal relationship created between the issuer and the bank has to be interfered as an assignment. As regards consequences, by accepted this idea, the right of the bank to reject Fund Transfer order can easily be interpreted. Having said that, what a bank does on order after receipt of payment order should not be considered to be the acceptance of the offer, because this is a regular and preliminary process. Since the doctrine is not able to respond to some situations for Fund Transfer, including Fund Transfer to another account of the issuer, it has been subject to some criticisms.
