Absolute Revocation of Contracts: Legal Effects
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Absolute Revocation of Contracts: Legal Concept, Characteristics, and Causes
A contract is void if not radically legal. It is the ultimate sanction of law to those contracts that:
- Have been transferred within the limits of the ordinance for the game of autonomy: the law, morality, and public order, as reflected in Article 1255 of the Civil Code.
- Lack the essential requirements of Article 1261 of the Civil Code (consent, object, and cause, and in some cases, also form) or those imposed by law because of the specific type of bargaining.
- Are unlawful, under section 1275 of the Civil Code.
The invalidity prevents the contract from deploying its kind effects ab initio and cannot be remedied by recognition or the passage of time. The only way out is to... Continue reading "Absolute Revocation of Contracts: Legal Effects" »