See Also: TRANSACTION, contracts, civil law(law)
ACT, civil law, contracts(law)
INNOMINATE CONTRACTS, civil law(law)
DATION, civil law, contracts(law)
CONVENTION, contracts, civil law(law)
ALEATORY CONTRACTS, civil law(law)
CURATORSHIP, offices, contracts, in the civil law(law)
CIVIL OBLIGATION, Civil law(law)
Transaction(money)
Transaction tax(money)

TRANSACTION, contracts, civil law (law)


TRANSACTION, contracts, civil law. An agreement between two or more persons, who for the purpose of preventing or putting an end to a law suit, adjust who for the purpose of preventing or putting an end to a law suit, adjust their differences by mutual consent, in the manner which they agree on; in their differences by mutual consent, in the manner which they agree on; in Louisiana this contract must be reduced to writing. Civil Code of Louis, Louisiana this contract must be reduced to writing. Civil Code of Louis, 3038. 3038. 2. Transactions regulate only the differences which appear to be 2. Transactions regulate only the differences which appear to be clearly comprehended in them by the intentions of the parties, whether they clearly comprehended in them by the intentions of the parties, whether they be explained in a general or particular manner, unless it be the necessary be explained in a general or particular manner, unless it be the necessary consequence of what is expressed; and they do not extend to differences consequence of what is expressed; and they do not extend to differences which the parties, never intended to include in them. Id. 3040. which the parties, never intended to include in them. Id. 3040. 3. To transact, a man must have the capacity to dispose of the things 3. To transact, a man must have the capacity to dispose of the things included in the transaction. Id. 3039; 1 Domat, Lois Civiles, liv. 1, t. 13, included in the transaction. Id. 3039; 1 Domat, Lois Civiles, liv. 1, t. 13, s. 1; Dig. lib. 2, t. 15, l. 1; Code lib. 2, t. 4, 1. 41. In the common law s. 1; Dig. lib. 2, t. 15, l. 1; Code lib. 2, t. 4, 1. 41. In the common law this is called a compromise. (q.v.) this is called a compromise. (q.v.)