(1) Owners participate free of charge in the activities of the association’s bodies, except in cases where the association’s annual budget provides for remuneration in this regard, the amount of which is established and approved by the general meeting. (2) If members of the association’s…

(1) The bodies of the association are: a) the general meeting, or, as the case may be, the meeting with special interest; b) the council; c) the association’s administrator; d) the auditor or the audit committee. (2) The general meeting may decide not to designate…

(1) The general meeting is convened at least annually by the administrator of the association: a) upon the initiative of the association’s administrator; b) based on the decision of the council or at the request of the council’s chairperson; c) based on the decision of…

(1) The properties that belong to the state or to the administrative-territorial units are part of the private domain if they are not transferred to the public domain by virtue of law or in the manner established by law. (2) The public domain of the…

(1) The debtor is not liable for loss suffered by the creditor to the extent that the creditor could have reduced the loss by taking reasonable steps. (2) The creditor is entitled to recover any expenses reasonably incurred in attempting to reduce the loss. Annotation:…

(1) Where the debtor fails to perform its obligation without an excuse, the creditor may, under the law and, as the case may be, under the contract, at its option: a) claim specific enforcement of the obligation; b) suspend the performance of the reciprocal obligation;…

(1) In case if a juridical act is concluded using any electronic means, and the person did not conclude it using an electronic signature as provided in Article 318 (3), the consent of such person is presumed until it denies it gave consent. (2) A…

Upon interpretation of a contract due consideration will be had of its nature, the circumstances in which it was concluded, the interpretation given to it by the parties or that may be derived from their conduct before and after the conclusion of the contract, as…

(1) An offer to contract is a proposal, addressed to one or several person, which contains all essential terms of the future contract and which reflects the intent of the offeror to be bound by the acceptance of the offer. (2) An offer has effect…

(1) A contract is concluded if the parties reached an agreement on all its essential terms. (2) Essential terms are the terms required as such by law, the terms stemming from the nature of the contract or the terms in respect of which the parties…