By the old French law, in force in Lower Canada, a ”Transaction’, like an English compromise, is an agreement to put an end to disputes, and terminate or avoid litigation : and in such case the consideration which each party receives, is not the sacrifice of a right, but the abandonment of a claim. The French law in this case has adopted the definition of the Civil law [15 Moo. P.C. 2p2].
Citations:
[1862] EngR 1147, (1862) 15 Moo PC 270, (1862) 15 ER 497
Links:
International, Contract
Updated: 02 May 2022; Ref: scu.287313