THE ABILITY TO CONTRACT - AN ESSENTIAL CONDITION IN EVERYDAY LIFE

 
Autor (i): Ana-Maria Vasile
 
Cuvinte cheie: contract, capacity, liability, incapacity
 
Abstract:
The contract is one of the most common forms of the legal act today. Practically, the contract
represents a fundamental legal institution of the law that was and continues to be the main source of obligations,
through which the circulation of goods, the provision of services and, in general, the satisfaction of the material
and spiritual needs of people are achieved.
In the traditional conception of contractual liability, it is closely related to the idea underlying the principle
of the binding force of the contract. Since the contract has the force of a law in the relations between the parties, it is
considered that the pendant of this principle is that each party must be responsible for the possible non-compliance
with its "law", therefore for the violation of the "private norm" that the contract generates.
The conclusion of the contract implies not only the realization of the agreement of will but also the
valid formation of this agreement in terms of the capacity of the parties, the content of the will and the validity of
the object.
 
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