Void transactions and their types

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All provisions regarding the transactions registered in the civil legislation of the country.What do they represent?This agreement, as a result of which there are certain responsibilities as well as rights.Bilateral deals with many participants called treaties.

In the aforementioned legislation is well disclosed the question as to what constitutes the transaction invalid.To get started is to say that such contracts are recognized, committed in violation of any laws.

What are the main requirements for this type of agreement?They should be based on good faith;persons held them must be capable;It must comply with the established form.If any of these conditions is violated, then the contract will be declared null and void.

talk about at what point we can assume the transaction illegal.Recognized as such agreements since their imprisonment, however, the recognition may be postponed for the future (for example, in the case of the illegality of the lease agreement).

Void transactions may be voidable or void.Voidable called the one that becomes invalid only because recognized as such by the court.Such a deal would be rude not to violate the law, but still, for whatever reasons, may be challenged.

void transaction has its own characteristics.The fact that it is invalid even before its recognition by the court itself.

Relatively invalid transactions - those for which there is a trial.Until that moment, until the judge makes a decision, all of the resulting obligations must be performed.

Void transactions may be the same in whole or in part.The cause of this is the number of factors.

consequences of invalidation of the transaction may be different.It's simple only if the parties have not been able to fulfill their direct obligations arising from the terms of the agreement.

Offensive property consequences is inevitable.The Civil Code states that the parties are required to fully restore each other what they had received in the transaction invalid.This is called a bilateral restitution.

course, do not always have the opportunity to return the part of all that we must, in kind, ie in the form in which it is necessary.What to do in such cases?Refunds are made in cash.

note that restitution is possible and one-sided.At one side it gets back everything that had to sign the agreement, but that was transferred to the second party shall pay to the state.Also note that under certain circumstances, recovery is not happening at all, and transferred during the transaction becomes fully state-owned.

claim for invalidation of the transaction should be referred to the court by the claimant or his representative who has power of attorney executed in accordance with the norms of law.