The types of formality in legal transactions

The purpose of this study was to identify and distinguish the types of formality in legal transaction and to determine the legal consequences of each category’s absence from such transaction. For this reason, this study relied on both the analytical descriptive technique, which involved reviewing ju...

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Main Author: E. Benelfakih
Format: Article
Language:English
Published: National Academy of Internal Affairs 2024-11-01
Series:Юридичний часопис Національної академії внутрішніх справ
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Online Access:https://lawjournal.com.ua/journals/tom-14-4-2024/vidi-formalnostey-v-yuridichnikh-ugodakh
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author E. Benelfakih
author_facet E. Benelfakih
author_sort E. Benelfakih
collection DOAJ
description The purpose of this study was to identify and distinguish the types of formality in legal transaction and to determine the legal consequences of each category’s absence from such transaction. For this reason, this study relied on both the analytical descriptive technique, which involved reviewing jurisprudence and legal provisions, and the comparative method, which involved conducting horizontal comparisons of legal texts. This study concluded that the sorts of formality were not limited neither by law nor jurisprudence. This fact has led to inconsistent judicial rulings in addition to conflicting legal ramifications. Furthermore, due to the nature of the procedures it represents, the study discovered that a new category of legal formalities is reflected in the electronic format, which is defined by some specific features. It was concluded that a series of legislative acts is moving towards formal transactions for protectionist and financial goals and objectives. Therefore, a clear distinction should be established between the types of formality, their limitation, and the effects of each type, so as to make it easier for the judiciary to set up suitable effects when some legal transactions lack the required formality. Electronic formality should also be considered by legally regulating it due to its features
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series Юридичний часопис Національної академії внутрішніх справ
spelling doaj-art-048cac038f5c4acdacb44ffe5ee467462025-01-23T11:54:50ZengNational Academy of Internal AffairsЮридичний часопис Національної академії внутрішніх справ2519-42162519-43132024-11-01144324010.56215/naia-chasopis/4.2024.32337The types of formality in legal transactionsE. BenelfakihThe purpose of this study was to identify and distinguish the types of formality in legal transaction and to determine the legal consequences of each category’s absence from such transaction. For this reason, this study relied on both the analytical descriptive technique, which involved reviewing jurisprudence and legal provisions, and the comparative method, which involved conducting horizontal comparisons of legal texts. This study concluded that the sorts of formality were not limited neither by law nor jurisprudence. This fact has led to inconsistent judicial rulings in addition to conflicting legal ramifications. Furthermore, due to the nature of the procedures it represents, the study discovered that a new category of legal formalities is reflected in the electronic format, which is defined by some specific features. It was concluded that a series of legislative acts is moving towards formal transactions for protectionist and financial goals and objectives. Therefore, a clear distinction should be established between the types of formality, their limitation, and the effects of each type, so as to make it easier for the judiciary to set up suitable effects when some legal transactions lack the required formality. Electronic formality should also be considered by legally regulating it due to its featureshttps://lawjournal.com.ua/journals/tom-14-4-2024/vidi-formalnostey-v-yuridichnikh-ugodakhconsentfreedomconclusionproofinvalidityagreement
spellingShingle E. Benelfakih
The types of formality in legal transactions
Юридичний часопис Національної академії внутрішніх справ
consent
freedom
conclusion
proof
invalidity
agreement
title The types of formality in legal transactions
title_full The types of formality in legal transactions
title_fullStr The types of formality in legal transactions
title_full_unstemmed The types of formality in legal transactions
title_short The types of formality in legal transactions
title_sort types of formality in legal transactions
topic consent
freedom
conclusion
proof
invalidity
agreement
url https://lawjournal.com.ua/journals/tom-14-4-2024/vidi-formalnostey-v-yuridichnikh-ugodakh
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