What is completed. A right is said to be initiate when it is not complete; when it is perfected, it is consummated.
The completion of a thing; such as the consummation of marriage, the consummation of a contract, and the like.
A contract is said to be consummated, when everything to be done in relation to it has been accomplished. It is frequently of great importance to know when a contract has been consummated in order to ascertain the rights of the parties, particularly in the contract of sale. It is also sometimes of consequence to ascertain where the consummation of the contract took place, in order to decide by what law it is to be governed.
It has been established as a rule that when a contract is made by persons absent from each other, it is considered as consummated in, and is governed by the law of, the country where the final assent is given. If, therefore, Paul in New Orleans order goods from Peter in London, the contract is governed by the laws of the latter place.