Legal aspects of responsibility of agricultural cooperatives in The Republic of Serbia

Rajnović, Ljiljana (2026) Legal aspects of responsibility of agricultural cooperatives in The Republic of Serbia. In: VI International Scientific Conference "Sustainable agriculture and rural development". Institute of Agricultural Economics, Belgrade, pp. 205-212. ISBN 978-86-6269-150-7

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Abstract

In this paper, the author analyzes the responsibility of the agricultural cooperative for the obligations assumed in the legal transaction. Agricultural cooperatives, regardless of the form in which they were founded and with all the specifics arising from cooperative principles, uniform almost everywhere in the world, have a lucrative - commercial character. Like any other economic entity, cooperatives are obliged to operate economically and to be competitive on the market. Exceptionally, cooperatives that are closer to the form of an association, which is characterized by the principle of solidarity and reciprocity, do not have to have a specified target function, but they must have the function of reducing costs and saving for their cooperatives, which is sometimes present in business companies. Considering the obligation of socially responsible behavior of all business entities, the authors concluded that agricultural cooperatives must well define their goals and, in connection with that, their responsibility towards all internal and external interest groups in the territory where they operate and beyond.

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