Legal Status
They also don’t require consideration for a contract to be binding. In France, an strange contract is alleged to kind simply on the idea of a “assembly of the minds” or a “concurrence of wills”. Germany has a special strategy to contracts, which ties into property law. Their ‘abstraction principle’ (Abstraktionsprinzip) signifies that the private obligation of contract forms individually from the title of property being conferred. When contracts are invalidated for some reason (e.g. a automotive purchaser is so drunk that he lacks legal capability to contract) the contractual obligation to pay could be invalidated separately from the proprietary title of the automobile.
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