The emergence of a European private law is one of the great issues
on the legal agenda of our time. Among the most prominent
initiatives furthering this process is the work of the Commission
on European Contract Law. The essays collected in this 2002 volume
have their origin within this context. They explore two practically
very important topics which had hitherto been largely neglected in
comparative legal literature: set-off and 'extinctive' prescription
(or limitation of actions). Professor Zimmermann lays the
comparative foundations for a common approach which may provide the
basis for a set of European principles. At the same time, the
essays provide practical examples of the arguments that can be
employed in the process of harmonising European private law on a
rational basis. They explore topics such as the comparative
experiences in the various modern legal systems and the direction
in which the international development is heading.
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