Source: http://www.trans-lex.org/output.php?docid=452000&markid=923000
Timestamp: 2013-05-19 19:05:58
Document Index: 317632565

Matched Legal Cases: ['ART 1', 'ART 4', 'ART 1', 'ART 2', 'ART 3', 'ART 4', 'ART 1', 'ART 2', 'ART 3']

Uniform Act Relating to General Commercial Law [ expertsearch ] [ how to search ] Principles Biblio Materials Links Discussions - back to overview?
[print this document] [save as pdf]Trans-Lex Administrative InformationDocument-ID: 452000[click here to copy citation to clipboard]Please Cite as: "http://www.trans-lex.org/452000".TitleOHADA Uniform Act Relating to General Commercial Law (Translation)Social Networks Table of ContentsTHE ORGANISATION FOR THE HARMONISATION OF BUSINESS LAW IN AFRICAUNIFORM ACT RELATING TO GENERAL COMMERCIAL LAWBOOK IV - TRADE MIDDLEMENPART 1 - COMMON PROVISIONSCHAPTER 1 - DEFINITION AND SCOPEArticle 137:PART 4 - COMMERCIAL AGENTSArticle 184:BOOK V - COMMERCIAL SALEPART 1 - SCOPE AND GENERAL PROVISIONSCHAPTER 2 - GENERAL PROVISIONSArticle 206:Article 207:Article 208:PART 2 - ESTABLISHMENT OF A CONTRACT OF SALEArticle 217:PART 3 - OBLIGATIONS OF THE PARTIESCHAPTER 1 - THE SELLER'S OBLIGATIONSSection 1 : DeliveryArticle 220:Article 222:CHAPTER 3 -PENALTIES FOR THE NON-RESPECT OF CONTRACTUAL OBLIGATIONSSection 1 - General ProvisionsArticle 246:Section 4 - Interest and DamagesArticle 263:Article 266:Section 5 - Exoneration from liabilityArticle 267:ContentTHE ORGANISATION FOR THE HARMONISATION OF BUSINESS LAW IN AFRICA
Page 41 BOOK IV - TRADE MIDDLEMEN
CHAPTER 1 - DEFINITION AND SCOPE
A middleman shall be a person who has the power to act or who intends to act, on a regular basis and as an occupation, on behalf of another person, called the principal, for the purpose of concluding a commercial contract of sale with a third party. [...]
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PART 4 - COMMERCIAL AGENTS
The commercial agent shall be an authorized agent whose occupation, in a freelance capacity, shall be to permanently negotiate and eventually conclude contracts of sale, purchase, hire, or provision of services on behalf of, and on the account of producers, Page 49 industrialists, traders or other commercial agents, without being bound to them by a contract of employment.
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BOOK V - COMMERCIAL SALE
PART 1 - SCOPE AND GENERAL PROVISIONS
In matters of commercial sale, the will and conduct of one party must be interpreted in accordance with the latter's intention, where the other party knew or could not ignore such intention. Page 53 The will and conduct of one party shall be interpreted in accordance with the meaning a reasonable person having the same status as the other party, and placed in the same situation would have given them. To determine the intention of one party or of a reasonable person, it is necessary to take into account factual circumstances, particularly negotiations which might have occurred between the parties, the practices established between them, and even practices in force inthe profession concerned.
The parties shall be bound by the practices they agreed upon and by the customs established in their commercial relations.
Except where there are agreements between the parties to the contrary, they are supposed, in the commercial sales contract, to have tacitly referred to the professional practices they knew or ought to have known, and which, in trade, are widely known and generally observed by parties to contracts of the same type in the commercial sector concerned.
The commercial sales contract may be written or oral; it shall not be subject to any condition of form.
In the absence of a written document, it may be proved by all possible means, including a witness.
PART 2 - ESTABLISHMENT OF A CONTRACT OF SALE
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The contract shall be concluded from the moment when the acceptance of an offer takes effect, in accordance with the provisions of this Book.
Page 56 PART 3 - OBLIGATIONS OF THE PARTIES
CHAPTER 1 - THE SELLER'S OBLIGATIONS
Section 1 : Delivery
Where the seller is not bound to deliver the goods at a specific place, his delivery obligations shall consist of:
handing over the goods to a carrier for delivery to the buyer, where the contract of sale provides for such transportation;
making the goods available to the buyer where they were manufactured, or where they are stored, or at the place where the seller has his principal business, with respect to all other cases.
The seller shall deliver the goods:
where a date is specified in the contract or may be determined in reference to the contract, on that date;
where a period of time is specified in the contract, or may be determined in reference to the contract, at any time during that period;
and in any other case, within a reasonable period from the time the contract is concluded.
CHAPTER 3 -PENALTIES FOR THE NON-RESPECT OF CONTRACTUAL OBLIGATIONS
Where, before the date of performance of the contract, it is clear that one of the parties will fail to fulfil an essential part of his obligations, the other party may bring an action before the competent court for termination of the contract.
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Section 4 - Interest and Damages
Where a party fails to pay the contract price or any other sum owed, the other party shall have a right to interest on the sum owed, calculated on the basis of the legal interest rate applicable in commercial transactions, without prejudice to damages that he may claim for the loss inflicted on him.
Interest shall accrue from the date of dispatch of the formal notice addressed to the other party by registered letter with acknowledgement of receipt or by any other means in writing.
The party relying on an essential breach of the contract shall take all reasonable measures, under the circumstances, to minimise the loss, including the profit lost due to such breach. Where he fails to do so, the party in default may request a reduction in damages equal to the amount of the loss that would have been avoided.
Section 5 - Exoneration from liability
A party shall not be liable for failure to comply with any of his obligations where he proves that such failure is due to an impediment beyond his control, such as the act of a third party or cases of force majeure.
Trans-Lex Administrative InformationDocument-ID: 452000[click here to copy citation to clipboard]Please Cite as: "http://www.trans-lex.org/452000".Referring Principles/Related Documents Referring Principle: No. II.1 - Prerequisites and effects of agency Referring Principle: No. IV.5.1 - Intentions of the parties Referring Principle: No. I.2.2 - Trade usages Referring Principle: No. IV.4.1 - Principle of informality Referring Principle: No. IV.2.1 - Contractual consent Referring Principle: No. V.1.1 - Place of performance Referring Principle: No. V.1.2 - Time of performance Referring Principle: No. VI.5 - Anticipatory breach Referring Principle: No. VII.6 - Duty to pay interest Referring Principle: No. VII.4 - Duty to mitigate Referring Principle: No. VI.3 - Force majeureCopyright Information Board (see the discussion board overview)Create new ThreadThere are no Threads related to this document. Open one by yourself. Trans-Lex in Social Media: