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A legal transaction (Latin: negotium juridicum; German: Rechtsgeschäft; Spanish: negocio jurídico), is a type of constitutive legal act (also known as an act-in-the-law, act at law, or juristic act) ‘by which legal subjects can change the legal positions of themselves or other persons intentionally’. The concept is important in civil law jurisdictions based on or influenced by the German law of obligations.
- Jaap Hage, “What is a Legal Transaction?”, in Law as Institutional Normative Order, eds. Maksymilian Del Mar & Zenon Bankowski (Edinburgh: Ashgate, 2013), 103.
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