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Nullity Of Commercial Transactions

Author

Listed:
  • Margarita Bachvarova

    (Varna University of Economics)

Abstract

In the article there is discussed the issue of the nullity of commercial transactions by contrasting it with the general principles in accordance with civil legislation. There are analyzed the special hypotheses according to the Commercial Law and are pointed out their specific consequences. The main conclusion is in the qualification of the invalid commercial transactions of the category of voidable type of transactions. On these grounds there is the legal opportunity for their revitalisation. As regards the legal consequences there is the universal application of the general rules of law also with respect to commercial transactions that have been declared invalid.

Suggested Citation

  • Margarita Bachvarova, 2013. "Nullity Of Commercial Transactions," Business & Management Compass, University of Economics Varna, issue 1, pages 18-23.
    • Handle: RePEc:vrn:journl:y:2013:i:1:p:18-23
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    File URL: http://journal.ue-varna.bg/uploads/20140714082630_104226430753c43cf6544dd.pdf
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    More about this item

    Keywords

    commercial transactions; nullity; voidability;
    All these keywords.

    JEL classification:

    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law

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