Juridical Dictionary

This dictionary contains:
8526
juridical terms

Pacta sunt servanda






Pacta sunt servanda

A base principle of any contract law. Pacta sunt servanda means the obligation to fufill / pursue the contract.

RELATED TERMS
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Base
Something low; inferior.

Contract
A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract.

Law
A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system.

Obligation
In its general and most extensive sense, obligation is synony- mous with duty. In a more technical meaning, it is a tie which binds us to pay or to do something agreeably to the laws and customs of the country in which the obligation is made.



SIMILAR TERMS
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Pact
Civil law. An agreement made by two or more persons on the same subject in order to form some engagement, or to dissolve or modify, one already made, conventio est duorum in idem placitum consensus de re already solvenda, id. est facienda vel praestanda

Pactions
International law. When contracts between nations are to be performed by a single act, and their execution is at an end at once, they are not called treaties, but agreements, conventions or pactions.

Pactum constitutae pecuniae
Civil law. An agreement by which a person appointed to his creditor, a certain day, or a certain time, at which he pro-mised to pay; or it maybe defined, simply. an agreement by which a person promises a creditor to pay him.

Pactum de non petando
Civil law. An agreement made, between a creditor and his debtor that the former will not demand, from the latter the debt due. By this agreement the debtor is freed from his obligation. This is not unlike the covenant not to sue, of the common law.

Pactum de quota litis
An agreement by which a creditor of a sum difficult to recover, promises a portion, for example, one-third, to the person who will undertake to recover it. In general, attorneys will abstain from, making such a contract, yet it is not unlawful.



PREVIOUS AND NEXT TERMS
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Pacta sunt servanda

Parol evidence rule
The term "Parol Evidence Rule" refers to the extent to which a court will entertain extrinsec evidence in evaluating the intent of contracting parties embodied in a writing. If the court determines the terms of the writing to be unclear, ambiguous, or otherwise not fully stated it may allow parties to introduce evidence to the jury to supplement the writing or explain the meaning of its terms so long as the evidence does not contradict a term already in the document.

Philosophy of law
Philosophy of law refers to the branch of philosophy and jurisprudence which studies basic questions about law and legal systems.

Procedural law
Procedural law refers to the areas of law that regulates the legal process.

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This dictionary contains 8526 terms.