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Criteria of Risk Distribution in Contractual Obligations

Author

Listed:
  • Natalia ANTONOVA

    (Institute of Service Sphere and Entrepreneurship branch of Don State Technical University Rostov on Don Russian Federation)

  • Elena LUNYOVA

    (Institute of Service Sphere and Entrepreneurship branch of Don State Technical University Rostov on Don Russian Federation)

Abstract

One of the topical issues of civil law is risk distribution in contractual obligation as in the process of execution of a contract there may arise the circumstances that against the parties will cause violation of the obligation and make execution of the contract impossible or very difficult Thus there s a necessity for common criteria of distribution of contractual risks that allow preventing the appearance of unfavorable consequences or compensating them with less cost These criteria could be called criteria of economic expedience

Suggested Citation

  • Natalia ANTONOVA & Elena LUNYOVA, 2018. "Criteria of Risk Distribution in Contractual Obligations," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 9(3(33)), pages 855-858.
    • Handle: RePEc:srs:jarle0:v:9:y:2018:i:3(33):p:855-858
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