Control contract operation

Author: Yu Ying / Yang Li / Yu Jie (editors)
Publisher:
Publishing Date: 2005-01-01
Features: The effective operation of a market economy relies on the existence of trading activities. In modern socio-economic activities, the importance of immediate transactions is declining, while the significance of forward transactions is becoming increasingly prominent. The realization of forward transactions is based on the credit between the parties involved. Therefore, the achievement of the objectives of forward transactions depends on the credit and self-discipline of the trading subjects. However, human pursuit of personal interest maximization and opportunistic tendencies often make individual credit and self-discipline very fragile. Thus, to ensure the smooth progress of transactions, the coercive force of law must be relied upon. Even for immediate transactions, legal regulation and adjustment are necessary. For instance, disputes are inevitable, and to resolve them, relevant laws must be formulated. Additionally, questions such as which entities can participate in transactions, what objects can be the subject of transactions, and what should be done if defects are found after the transaction is completed—all require legal provisions. Contract law serves such a function, and therefore, it is the basic law of the market economy. The compilation of this book adheres to the writing principles of the series that emphasize practicality and readability. Based on the Contract Law of the People's Republic of China and the General Principles of Civil Law of the People's Republic of China, as well as relevant judicial interpretations, it incorporates mature theoretical achievements and selects several typical cases. The purpose is to explain the law through theory, support the law with examples, help readers understand the main legal provisions, master important legal knowledge, learn basic legal skills, and enhance our awareness and ability to safeguard legal rights.