Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law

There is no consensus among legal writers about the effect of bankruptcy of one party on the fate of the contract. Some consider it to be the reason for the annulment of the contract. The basis of this view is the collapse of a balance that should be between ability of delivery of each of the two co...

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Main Authors: Alireza Fasihizadeh, Omid Hafizi, Mahmood Jalali, Morteza Tabibi
Format: Article
Language:fas
Published: Razavi University of Islamic Sciences 2019-08-01
Series:آموزه‌‌های فقه مدني
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Online Access:https://cjd.razavi.ac.ir/article_10_cbcea27f42c305d73cc2502d01a0624d.pdf
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author Alireza Fasihizadeh
Omid Hafizi
Mahmood Jalali
Morteza Tabibi
author_facet Alireza Fasihizadeh
Omid Hafizi
Mahmood Jalali
Morteza Tabibi
author_sort Alireza Fasihizadeh
collection DOAJ
description There is no consensus among legal writers about the effect of bankruptcy of one party on the fate of the contract. Some consider it to be the reason for the annulment of the contract. The basis of this view is the collapse of a balance that should be between ability of delivery of each of the two considerations in all contracts. Most authors, however, have explained the provisions of Article 380 of the Civil Code and the seller’s discretion in the repayment of the object of the sale available to the buyer or the right of detaining in the case of a buyer’s bankruptcy based on his discretion in termination of the transaction that has been interpreted as the option for insolvency. A theory which, although it is to somehow adapted to some of the jurisprudential opinions and is referred to as one of the general rules of transactions, firstly, there was no explicit reference to it in civil law and in the interpretation of the Shiite jurisprudents it is often referred to as “right of returning”, not “option for insolvency”. Secondly, it is inconsistent with some of the relevant provisions of this law in the trade law. Thirdly, within the framework of the pure analyses of civil law, the supportive basis behind this article is more perfectly balanced with the maintaining the necessity of contract and, at the same time, taking into account the seller as a “creditor prior to other creditors”.
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institution Kabale University
issn 2251-936X
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publishDate 2019-08-01
publisher Razavi University of Islamic Sciences
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series آموزه‌‌های فقه مدني
spelling doaj-art-a126cebb84fe4f2bb3129ade036764ed2025-08-20T03:32:07ZfasRazavi University of Islamic Sciencesآموزه‌‌های فقه مدني2251-936X2783-36902019-08-011119336010Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian LawAlireza Fasihizadeh0Omid Hafizi1Mahmood Jalali2Morteza Tabibi3Assistant professor at University of IsfahanPhD student of Private Law at University of IsfahanAssociate professor at University of IsfahanAssistant professor at University of IsfahanThere is no consensus among legal writers about the effect of bankruptcy of one party on the fate of the contract. Some consider it to be the reason for the annulment of the contract. The basis of this view is the collapse of a balance that should be between ability of delivery of each of the two considerations in all contracts. Most authors, however, have explained the provisions of Article 380 of the Civil Code and the seller’s discretion in the repayment of the object of the sale available to the buyer or the right of detaining in the case of a buyer’s bankruptcy based on his discretion in termination of the transaction that has been interpreted as the option for insolvency. A theory which, although it is to somehow adapted to some of the jurisprudential opinions and is referred to as one of the general rules of transactions, firstly, there was no explicit reference to it in civil law and in the interpretation of the Shiite jurisprudents it is often referred to as “right of returning”, not “option for insolvency”. Secondly, it is inconsistent with some of the relevant provisions of this law in the trade law. Thirdly, within the framework of the pure analyses of civil law, the supportive basis behind this article is more perfectly balanced with the maintaining the necessity of contract and, at the same time, taking into account the seller as a “creditor prior to other creditors”.https://cjd.razavi.ac.ir/article_10_cbcea27f42c305d73cc2502d01a0624d.pdfoption of insolvencyright of prioritytheory of balanceterminationbankruptcy
spellingShingle Alireza Fasihizadeh
Omid Hafizi
Mahmood Jalali
Morteza Tabibi
Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law
آموزه‌‌های فقه مدني
option of insolvency
right of priority
theory of balance
termination
bankruptcy
title Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law
title_full Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law
title_fullStr Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law
title_full_unstemmed Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law
title_short Impact of Awarding Insolvency of a Person on Consideration Transaction in Iranian Law
title_sort impact of awarding insolvency of a person on consideration transaction in iranian law
topic option of insolvency
right of priority
theory of balance
termination
bankruptcy
url https://cjd.razavi.ac.ir/article_10_cbcea27f42c305d73cc2502d01a0624d.pdf
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AT omidhafizi impactofawardinginsolvencyofapersononconsiderationtransactioniniranianlaw
AT mahmoodjalali impactofawardinginsolvencyofapersononconsiderationtransactioniniranianlaw
AT mortezatabibi impactofawardinginsolvencyofapersononconsiderationtransactioniniranianlaw