Nullity Of Commercial Transactions

Margarita Bachvarova ()
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Margarita Bachvarova: Varna University of Economics

Business & Management Compass, 2013, issue 1, 18-23

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.

Keywords: commercial transactions; nullity; voidability (search for similar items in EconPapers)
JEL-codes: K12 (search for similar items in EconPapers)
Date: 2013
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