Legal Lexicon

BGB

Shortfall Liability

Shortfall liability addresses responsibility in cases of quantity or quality deficiencies. Curious? Discover more in the detailed encyclopedia article!

Principle of ‘Who Orders Pays’

The ‘Bestellerprinzip’ stipulates that, under tenancy law, the landlord pays the broker’s fee. Learn more about the advantages and disadvantages in our article!

Component

A component is a part of a whole that contributes to its functioning. Learn more about the types and significance of this concept in the article!

Limited Capacity to Contract

Limited capacity to contract governs how minors can legally enter into contracts. Learn more about rights and obligations!

Quality Guarantee

The quality guarantee assures specific properties of a purchased item. Discover why it offers special protection to buyers—find out more in the article now!

Calculation Error

Calculation error: Mistakes in calculations caused by rounding or assumptions. Discover how precise numbers influence our actions!

Safe Deposit Box (Contract)

A safe deposit box contract regulates the secure storage of valuables. Discover how this contract protects your property – read more in the article now!

Consignment for Inspection

A consignment for inspection is a shipment of goods provided for viewing purposes. Learn more about the rules and benefits directly in the detailed lexicon article!

Act on Contesting Transactions

The Act on Contesting Transactions sets out the conditions under which contracts or actions can be reversed. Discover more in the article!

Mixed Contract

A mixed contract combines different types of contracts within a single legal transaction. Discover its special features and relevant case law!

Power of Substitution

Power of substitution determines who is authorized to act legally on behalf of a person. Curious? Learn more in the detailed lexicon article!