Legal transaction

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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’.[1] The concept is important in civil law jurisdictions based on or influenced by the German law of obligations.

References[edit]

  1. ^ Jaap Hage, “What is a Legal Transaction?”, in Law as Institutional Normative Order, eds. Maksymilian Del Mar & Zenon Bankowski (Edinburgh: Ashgate, 2013), 103.