Pacta pacta sunt servanda [24:17]

In civil law jurisdictions this principle is related to the general principle of correct behavior in commercial practice — including the assumption of good faith — is a requirement for the efficacy of the whole system, so the eventual disorder is sometimes punished by the law of some systems even without any direct penalty incurred by any of the parties. [ citation needed ] However, common law jurisdictions usually do not have the principle of good faith in commercial contracts, therefore it is inappropriate to state that pacta sunt servanda includes the principle of good faith.

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Pacta Pacta Sunt Servanda [24:17]Pacta Pacta Sunt Servanda [24:17]Pacta Pacta Sunt Servanda [24:17]Pacta Pacta Sunt Servanda [24:17]