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.
S.M.sadegh Tabatabai; Zahra Akrami
Volume 2, Issue 5 , February 2014, , Pages 83-94
Abstract
AbstractOne of the controversial issues among lawyers in termination of obligation andits performance is legal nature of fulfillment of non-object of obligation.Although virtually all jurisprudents agree that this kind of fulfillment needscreditor and debtor's consent, some merely describe it as an ownership ...
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AbstractOne of the controversial issues among lawyers in termination of obligation andits performance is legal nature of fulfillment of non-object of obligation.Although virtually all jurisprudents agree that this kind of fulfillment needscreditor and debtor's consent, some merely describe it as an ownership contractand some others define it as novation as a kind of object changing. Determiningthe legal nature of paying the object which is different from the issue ofobligation, does not merely have analytical and theoretical impacts, but involvesthe effects of the difference between sale and exchange, difference between saleand unspecified contract, difference between novation etc. Those are practicalimpacts of this discussion. In other words, the main aim of this debate is to dealwith the question whether in an agreement such as novation, the guarantees ofdebt become abolished or for the sake of the contractual nature of it, some of theoptions will be applicable. The aim of this study therefore is to present suchviews along with a brief critical analysis.
