Spanish Commercial Code - BOOK II OF COMMERCIAL CONTRACTS AND OBLIGATIONS IN GENERAL Title I GENERAL PROVISIONS § 1. The constitution, form and effect of contracts and obligations
CODE OF COMMERCE OF SPAIN BOOK II OF COMMERCIAL CONTRACTS AND OBLIGATIONS IN GENERAL Title I GENERAL PROVISIONS § 1. The constitution, form and effect of contracts and obligations Section 96. The requirements of Civil Code on obligations and contracts are generally applicable to commercial businesses, save the modifications set forth in this Code. Section 97. For the verbal proposal of a business the bidder imposes the obligation in question are required to be accepted in the act of being known by the person who directs, and the absence of such acceptance, the proposer is free of any. Article 98. The proposal made in writing must be accepted or rejected within twenty-four hours if the person has been directed resides in the same place as the proposer, or around mail, if he has another different. Once the periods indicated, the proposal will not be made, even when it has been accepted. In case of untimely acceptance, the proposer wi...