RESPONSIBILITY FOR MATERIAL DISPOSALS ON THE SALE OF THE SALE IN THE CONTRACT FOR SALE

Abstract

Sales agreement represents the most important agreement in the field of trade of goods and services. This contract is bilateral binding because its conclusion arises rights and obligations and the seller and buyer, where both parties are creditors and debtors. The same agreement is the basic instrument of law for international exchange, so that is why it has big role in the domestic and international turnover. The relevance of these type agreement is reflects in the fact that he is the only institute that has achieved whole unification in the law mode in international field. The rights and obligations of the sale agreement arise in the part of the material and legal defects of the items that are the subject of sale. Namely, the seller is liable for the material defects of the object he had at the time of transferring the risk to the buyer, regardless of whether he knew it. The seller is also responsible for those material defects that will arise after switching the risk on the buyer, if it is due to the reason it existed before.

Keywords: Sales contract, compensation, fulfillment of contract, termination of contract, buyer, seller