Podcast
Questions and Answers
In a sale contract, what is the obligation of the seller?
In a sale contract, what is the obligation of the seller?
What is the main difference between a barter contract and a sale contract?
What is the main difference between a barter contract and a sale contract?
What is the main characteristic of a donation contract?
What is the main characteristic of a donation contract?
In a lease contract, what is the obligation of the lessee?
In a lease contract, what is the obligation of the lessee?
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What is the main difference between a borrowing contract and a lease contract?
What is the main difference between a borrowing contract and a lease contract?
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In which type of contract is the product/result more important than the service/performance?
In which type of contract is the product/result more important than the service/performance?
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What is the main difference between a mortgage contract and a pledge contract?
What is the main difference between a mortgage contract and a pledge contract?
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In which type of contract is the client's instruction and order right more prevalent?
In which type of contract is the client's instruction and order right more prevalent?
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What is the main characteristic of a suretyship contract?
What is the main characteristic of a suretyship contract?
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Comparing the three contracts, which one gives the worker/service provider the most independence?
Comparing the three contracts, which one gives the worker/service provider the most independence?
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Study Notes
Contract Types Aiming for Transfer of Ownership
- Sale Contract: transfer of ownership and possession of property to the buyer in exchange for a price
- Barter Contract: exchange of one property for another without a price; rules of sale contract apply
- Donation Contract: transfer of assets from one person to another without consideration, an inter-alive legal transaction
Contract Types Aiming for Usage of Property
- Lease Contract: lessor allows lessee to use a property in exchange for a rental fee
- Borrowing Contract: owner allows another party to use a property without payment, with the obligation to return the property without harm
- Loan Contract: lender provides money or consumable goods, borrower returns something of the same quality and quantity, interest may be claimed with prior agreement
Contract Types Related to Works and Services
- Labor Contract: employee works for an employer, receiving payment according to duration and work done
- Undertaking (Work) Contract: contractor produces a work, client pays a price, product/result is important
- Proxy Contract: proxy performs a task for a principal, price is optional, service/performance is more important than product/result
Contract Types Other Contracts
- Suretyship Contract: guarantor takes personal responsibility for the debtor's debt, secondary responsibility, personal guarantee
- Mortgage Contract and Pledge Contracts: established for guarantee of an obligation, mortgage for immovable properties, pledge for movable properties, property-based guarantee
- Partnership Contract: establishes simple (ordinary) companies
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Description
Learn about different contract types, including sale contracts, barter contracts, and donation contracts, and how they relate to the transfer of ownership and possession.
