The Act No. 101 of the 4th December 1963
(4) The substitute or imitation of a signature by mechanical means shall be acceptable only where it is customary in commercial intercourse.
a)
b)
(2) An offer to conclude a contract shall be binding. upon the offeror unless the offeror expressly excludes the binding effects of the offer or unless it is apparent from the previous commercial intercourse between the Parties that offers are not binding.
An obligation to conclude a future contract within a fixed term may by undertaken in a contract, provided that at least the object of performance by both parties has been agreed upon. An agreement to conclude a future contract shall be made in writing.
(1) If a person bound under Section 119 unfoundedly refuses to conclude a future contract, the entitled person may claim damages or, if the contract so provides, may apply to a court or to the person designated in the contract, to determine the unspecified contents of the future contract.
(2) The motion to determine the unspecified contents of the contract may be filed with a court within one year from the day on which the future contract should have been concluded; otherwise the claim shall be extinguished. The same shall apply, if the person designated in the agreement has failed to determine within the said term the contents of the future contract.
The unspecified contents of a contract which the liable party is bound to conclude shall be determined within the scope of Section 118 in accordance with the purpose which, in view of the circumstances under which the preliminary contract was concluded, the parties had followed by concluding the future contract, and by taking into consideration the principle of fair trading.
An obligation to conclude a future contract shall be extinguished, if the circumstances which the parties had taken into consideration when establishing the obligation have changed to such extent that the liable party cannot be reasonably expected to conclude the contract.
(1) The provisions concerning the assumption of the obligation to conclude a future contract shall apply mutatis mutandis to contracts in which the, parties have agreed to amend the contents of an existing contract, provided that the parties have manifested their unambiguous intention that the contract is to be valid even if no agreement as to its remaining contents is reached.
(2) In the cases set forth in paragraph 1, the entitled person may apply to a court to supplement the contract even if the contract does not expressly provide for such contingency.
(1) The buyer shall pay the agreed purchasing price.
Basic provisions
Documentary letter of credit
Confirmation of a documentary letter of credit
Other types of letters of credit
Fundamental provisions
[Translation adopted from the Bulletin of Czechoslowak Law 1964, 189 et seq.]