Contracts in Roman Law & Pacta Sunt Servanda

Description

This Skill Bit talks about how Roman contract law was essential for the economy, emphasizing enforceability (pacta sunt servanda) and requiring a valid causa (reason) for contracts. Types included sale, lease, loan, deposit, mandate, and partnership, with stipulatio as a formal verbal contract. Pacta sunt servanda means agreements must be kept. It’s a core contract law principle ensuring contract enforcement, recognized in common, civil, and international law. It emphasizes the importance of fulfilling contractual obligations.

Duration approx. 4 Min.

Tier: proficiency