Commercial obligations sources, modalities, examples

2667
Robert Johnston

The commercial obligations They are legal relationships that arise when a person called the debtor contracts the duty to do or give something in favor of another person called the creditor.

When this legal relationship between the person called the debtor and the creditor is generated by means of a commercial act, it will be understood that the obligation as such has a commercial nature.

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The legal relationship of credit to debt forms the essential basis of commercial law as a regulator of mass traffic. Fundamentally, this relationship is regulated by the law of obligations, with certain variants established by particularities in the traffic of commercial businesses..

The main variants are shown in the elimination of grace periods, in the least formality, in which a lawsuit is not needed to attack the debtor's delinquency and in the assumption of remuneration in certain contracts.

The attractive force that mercantile arrangements exert in business traffic and the lack of readjustments in civil methods have made it practically an academic question to distinguish between civil and mercantile obligations..

Article index

  • 1 Sources of commercial obligations
    • 1.1 Contract
    • 1.2 Payment of the undue
    • 1.3 Business management
    • 1.4 Illegal act
  • 2 Modalities
    • 2.1 - Condition
    • 2.2 - Term or term
    • 2.3 - Complex obligations
  • 3 Examples of commercial obligations
    • 3.1 Mercantile sale
    • 3.2 Land transportation
    • 3.3 Bank deposit
  • 4 References

Sources of commercial obligations

They are those legal acts that initiate an obligation. That is, the legal facts by means of which two people place one another in the condition of creditor and debtor.

They may only be bound when the events indicated in the law occur, the legal categorizations being those that indicate which will be the sources of the obligations..

Contract

Of all the sources, the commercial contract is perhaps the most important in general terms. It originates obligations because both the debtor and the creditor have declared their willingness to mutually agree.

Payment of the undue

This is shown when a person called a debtor improperly pays someone who is not your creditor. In this case, the law requires whoever has received the payment to be obliged to repeat it to the correct creditor..

Business management

It refers to the obligation that the person who assumes the management of a foreign business takes, without having been obliged to do so, to continue with that management that began and to lead it to a term while the owner is not in a state to manage it himself..

Wrongful act

It is given by the grouping of obligations that come from an intentional damage caused by an agent to the assets of the victim or directly to a person.

It also comes when the damage is caused unintentionally, due to incompetence, negligence, recklessness, having to answer for the damage caused by one's own act, or for the acts of a person who is under the supervision of the agent, or of an animal or thing over which proper vigilance should be exercised.

Modalities

They are facts that will modify or alter an obligation with respect to three aspects of it:

- Existence of the obligation, through the conditions, whether resolutory or suspensive.

- Enforceability of the obligation, through the term or term.

- Complexity of the obligation, if it encompasses a diversity of objects or subjects.

- Condition

It is defined as a future and fortuitous event, which depending on its realization will cause an obligation to be born or extinguished, affecting its existence.

- Suspension condition: it is satisfied when the creation of the obligation depends on its realization.

- Resolutory condition: It occurs when the termination of the obligation is derived from its realization.

- Term or term

It is a future event with a certain realization, which will suspend or extinguish the consequences of an obligation. This modality will only affect the enforceability of the obligation, since the obligation exists with a legal life.

Suspensive term

It is the future fact of necessary and certain realization that will defer the effects of a legal act or obligation.

Extinctive term

It is the future event of necessary and certain realization that removes the effects of a legal act or obligation.

- Complex obligations

When there is a diversity of creditors or active subjects, and / or debtors or taxpayers, with the same obligation, it makes it complex, emerging a new modality, classified as:

Solidarity

There is no division with respect to debt or credit, but the debt must be paid in full by active solidarity, where a single debtor pays any of the creditors, or by passive solidarity, where one of the debtors pays a sole creditor.

Commonwealth

It is made up of a diversity of creditor or debtor subjects, where the debt or credit is considered divided into as many parts as there are creditors or debtors, each part of the credit or debt being different..

The joint debtor does not respond to the creditor with the entire debt, but only with the corresponding installment.

Examples of commercial obligations

Mercantile sale

The sale happens when one of the parties has the obligation to deliver an object and the other to pay for it with money. The first is said to sell and the second to buy. The money that the buyer gives for the sold object is called the price.

In relation to its scope of use, it normally occurs between a merchant and its supplier. Thus, when a merchant obtains merchandise for his business, which he will use later to provide a service, there will be a mercantile sale..

Ground transportation

It is defined as a contract in which someone is obliged to move from one place to another, by land, lakes or navigable rivers, foreign goods for a certain price, delivering them to the person for whom they are intended.

In relation to the transport of people, the example is when a hotel pays a transport company to carry out the passenger transport service for their transfer from the airport facilities to the hotel, under their own account..

Bank deposit

It refers to one of the main operations of banks, which is considered a determining factor for the creation of these and from which the other essential operations of this economic activity have been formed..

Actually, the bank is not limited simply to the function of guarding the deposited money, but through this it carries out fund transfers and fulfills payment orders, originating the operation of the draft of checks, bank checking accounts and other operations that consist of the issuance of transferable securities and credit instruments.

The use of the deposit and all the services offered by a bank represent as such a complex system of banking obligations, which are part of commercial life.

References

  1. Legal Concept (2020). Commercial Obligation. Taken from: definicionlegal.blogspot.com.
  2. Legal Encyclopedia (2020). Commercial obligations. Taken from: encyclopedia-juridica.com.
  3. Sánchez Bermejo Abogados (2020). Characteristics of commercial obligations. Taken from: sanchezbermejo.com.
  4. UNAM (2020). Commercial Obligations. Taken from: fcaenlinea.unam.mx.
  5. My Lawyers (2020). Everything you need to know about commercial contracts. Taken from: misabogados.com.

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