Termination of Obligation by Deposit
DOI:
https://doi.org/10.60131/jlaw.2.2021.3621Keywords:
Deposit, Termination of Obligation, Articles 434-441 of the Civil Code of Georgia.Abstract
One of the most important institutes of the law of obligations is the termination of an obligation. The obligation no longer exists after termination. Its participants are no longer bound by rights and responsibilities. Termination of an obligation implies that the binding relationship is terminated in a narrow and/or broad sense and no longer exists.
Based on the analysis of doctrine and case law, the paper discusses issues of theoretical and practical importance related to the deposit as one of the legal grounds for termination of an obligation, such as the basis for the deposit; deposit rule; deposit-related costs and their reimbursement; retention period of the subject of fulfillment.
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