Business law II - Contractual obligations (Purchase contracts)
7 important questions on Business law II - Contractual obligations (Purchase contracts)
What is primarily governed by the German Civil Code BGB and what does it contain?
What does section 433 in BGB tell you about issues in a sales of goods contract? What are some of the common issues in a sales of goods contract?
What does section 433 para. 1 and para 2. Say about obligations in a contract of sale of goods?
The buyer is according to section 433 para. 2 obliged to pay the seller the agreed price and accept the good purchased.
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What are the primary and secondary contractual obligations of seller and buyer? What is the relation between primary and secondary contractual obligations?
What does essentialia negotii mean when conducting a contract?
The rest e.g. Guarantee, payment method, time of payment etc. Can be found in the law and does therefore not have to be determined when entering into a contract.
What is the difference between main obligation and auxiliary obligation?
What is the difference between a relative right and an absolute right?
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