Israeli contract law general part 1973

  • Israel - Parallel Tax Law, 5733-1973 - ILO

    The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
    In some states, elements of consideration can be satisfied by a valid substitute..

  • What are the basic features of Nepalese contract Act 2056?

    Equal liability of co-sureties: (.

    1. In case two or more person have jointly or separately provided joint guarantee for any loan or liability, and in case the debtor fails to repay the loan or meet the liability, the co-sureties shall repay the loan or meet the liability or the requirements of the contract on an equal

  • What is the general law of contracts?

    The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
    In some states, elements of consideration can be satisfied by a valid substitute..

  • What is the law governing contracts?

    Contract law regulates the obligations established by agreement, whether express or implied, between private parties in the United States.
    The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law..

  • This law is guided by Muluki Civil Code 2074.
    If an agreement enforceable by law is concluded between two or more persons to do or abstain from doing any act, a contract is said to be concluded.
    A contract is a voluntary arrangement between two or more parties that is enforceable by law as a binding legal agreement.
An obligation to make a payment in Israel in a foreign currency, when making the payment in that currency is forbidden by law, will be fulfilled by making 

Can a contract be terminated in Israel?

117 For example, in Israeli the Consumer Protection law afford the right to termination in case do of the continuing contracts (for example supplier of services as gas, telephone or mineral water, etc) (Sec 13 (c) or in case of door to door contracts, Sec 14)

See Deutsch supra note 116 at 1190

118 See Gómez, Gil Saldaña, supra note 113 at 341

Does Israel have a contract law?

Israeli law has both the Interpretation Ordinance and the Interpretation Law, 75 and contract law refers to both

76 Neither deal with the policy of interpreting contracts but only contain some definitions (sometimes obvious) of legal terms

Basically, interpretation is governed by section 25 of the Contract Law (General Part)

Is Israel a mixed legal system?

Israel is a mixed legal system that merges common law with continental influences

13 This combination forms the mixed character of Israeli law, which reflects the approach also characteristic of the PICC: a mixing and convergence of different legal traditions


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