Synallagmatic: Difference between revisions
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{{g}}''Continental; rare'': Of a [[civil law]] {{t|contract}}, having the legal qualities of a [[common law]] {{t|contract}} | {{g}}''[[Adjective]]; Continental; rare'':<br> | ||
Of a [[civil law]] {{t|contract}}, having the legal qualities of a [[common law]] {{t|contract}}; namely, legally binding mutual obligations in which each party to the contract is bound to provide something to the other party. <ref>Yes, I know, that is the definition of a legal contract. They do things differently in the low countries. Don’t ask.</ref> Seemingly a bit uncalled-for, but expect to see this kind of chatter in a continental [[netting opinion]], which is of course basically a working definition of “uncalled for”. | |||
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Latest revision as of 16:15, 25 June 2019
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Adjective; Continental; rare:
Of a civil law contract, having the legal qualities of a common law contract; namely, legally binding mutual obligations in which each party to the contract is bound to provide something to the other party. [1] Seemingly a bit uncalled-for, but expect to see this kind of chatter in a continental netting opinion, which is of course basically a working definition of “uncalled for”.
See also
References
- ↑ Yes, I know, that is the definition of a legal contract. They do things differently in the low countries. Don’t ask.