Understanding Legal Limits and Voluntary Representation
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Extrinsic Limits of Rights
Extrinsic limits arise from the occurrence of other rights when there is a collision of rights held by different people regarding the same object. This problem is resolved using two criteria:
- Preference: Giving priority to specific rights. The order of preference prioritizes credit rights. If several real rights exist, the oldest takes priority; for credit rights, specific preferential standards apply.
- Reduction: Reducing the field of exercise for the various competing rights.
Intrinsic Limits of Rights
a) The Nature of Law
These limits are inherent to the nature of each particular right.
b) Good Faith
In all legal relations, a minimum of loyalty and honesty is expected. This differs from being a possessor in good faith,... Continue reading "Understanding Legal Limits and Voluntary Representation" »