Acquaintance with the Future Contracts in the Bourse
Author(s):
Abstract:
A future contract is a contract whereby the seller undertakes to sell In certain maturity, a certain amount of goods at a price determined at the time of conclusion of the contract are determined, On the contrary,the other party undertakes to purchase that good with those Specifications To guarantee the performance of the contract, the parties as an condition undertake to pay some money to the clearing exchange and Consistent with changes of future prices modify the guarantee and the clearing exchange is allowed to give this money to the other based on price change and he or she can use it untill they settle. From the perspective of some lawyers and jurists future contract is a kind of sale contract. On the other side somebody believe future contract is a contract in frame of article 10 of civil code and under free will of parties. So the aim of this paper is Understanding of the nature of future contract.
Keywords:
Language:
Persian
Published:
Research Journal in Humanities, Volume:15 Issue: 36, 2015
Page:
203
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