The Voidable and Void Transactions

It is common knowledge, that the transaction is the widespread legal fact. This is because transactions are an integral part of the civil turnover. The civil-legal institute of invalidity of transactions fixed in Chapter 9 of the Civil Code of the Russian Federation is an essential legal institution of the general part of the Civil Code of the Russian Federation. The main purpose of the research is focusing on the analysis of the general provisions of the invalidity of legal transactions, including the criteria for distinguishing void and voidable transactions, the grounds for declaring a transaction voidable or void. To achieve this goal, the following tasks were accomplished:to disclose the legal nature of and void transactions; to analyse the provisions of Chapter 9 of the Civil Code of the Russian Federation; to establish the grounds under which the transaction is void or voidable; to analyse the problems associated with the recognition of the transaction as invalid; to analyse the case study. The structure of the work is determined by the subject, purpose and objectives of the study. The work consists of the introduction, three chapters and a conclusion. The introduction reveals the relevance, object, subject, purpose, tasks and methods of research, reveals the theoretical and practical significance of the work. In the first chapter, the formation of the doctrine of invalid transactions was analysed. In the second chapter, the concept of the void transactions, their characteristics, and the grounds for the nullity of transactions are analysed. The third chapter is devoted to the voidable transactions, their characteristics, as well as grounds for the disputability of transactions. In conclusion, the final conclusions on the topic of the work have been formed, and the results of the study have been summarized. It seems that, the participants of the civil-law turnover take into account the aspects of invalid transactions analysed.