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What is Understanding Promises in Civil Law about?

This document presents a 3-page summary on the promise of a third party according to civil law. Briefly, it explains that the promise of a third party is an institution regulated in the Civil Code that allows a person to commit to obtaining the ratification of a third party in a contract. It details the requirements, effects, and parties involved in this type of promise, including the promisor, creditor, and third party. Finally, it analyzes the differences between a penalty clause in this context.

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ScribdTranslations
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EN