1 Sale and purchase JUDr. Pavel Koukal, Ph.D. pavel.koukal@law.muni.cz Assistant professor, MU, Faculty of Law October, 2010 •General definitions •Obligations of the seller •Obligations of the buyer •Acquisition of the title •Liability for defects ¢General definitions ¢legal relationship vs. acquisition of the title —sale and purchase vs. contract of sale ¢subject matter of the sale —movables —immovables —tangible assets ¢purchase price —advanced payment —payment with the delivery —payment after the acquisition of the property ¢ 2 ¢ ¢Civil Code —non commercial contracts —Art. 588 and subsequent provisions —sale among private persons ¢Commercial Code —commercial contracts —Art. 409 and subsequent provisions —sale between bussiness companies or private enterpreneurs ¢ 3 ¢Obligations of the seller —transfer of the property —specific time —without undue delays —immovables – application to the Cadastre Office — — ¢ 4 ¢Obligations of the buyer —pay the purchase price ¢full amount ¢installtments ¢cash/bank trasfer — —taking delivery of the subject matter — ¢ 5 ¢Other Applicable Provisions —retention of the title ¢ —preemption right — —repurchase right ¢ 6 ¢Liability for Defects (1) —quality —quantity — —warranty period —notification — —legal defects —factual defects — — ¢ 7 ¢Liability for Defects (2) —factual defect ¢remediable ¢irremediable ¢ —discount from the purchase price —repair —withdraw from the contract — —legal defects ¢remedy of legal defect ¢withdraw from the contract — ¢ 8 9