Mastering the Basics of Nullity and Restitution in Contracts

• Different time limits apply for invoking nullity by action or exception.
• Confirmation of a null act is possible for relative nullities.
• Confirmation can be made through a confirmatory act or voluntary execution.
• Nullity can be partial if the cause only concerns one clause.
• Contracts can be interdependent and closely linked.
• Nullification is retroactive and considered to have never existed.
• Restitution is required for both parties if the contract has been executed.
• Restitution can be made in kind or value, including any fruits or benefits.
• Nullification is binding on third parties, but their rights may be affected.
• Compensation may be sought for damages resulting from nullification.

Think you know everything about nullity, confirmation, and restitution in contract law? Test your knowledge with this quiz! From different time limits for invoking nullity to the retroactive effects of nullification, this quiz will challenge your understanding of the intricacies of contract law. Don't forget to brush up on the interdependence of contracts and the requirements for restitution. See how well you know the legal implications of nullity with this quiz!