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A lawful volitional act intended to have legal consequences is known as a juridical act. This term refers to actions taken by an individual or entity with the intention of creating, modifying, or extinguishing legal relations and rights. Juridical acts are essential in law as they form the basis for transactions and agreements that have binding legal effects, such as contracts or wills.
For instance, when someone signs a contract, that act is considered a juridical act because the signatory intends to create legal obligations that can be enforced under the law. This concept is fundamental within legal frameworks, as it establishes the criteria for validity and enforceability of various instruments and agreements that individuals may enter into.
The other options represent different legal concepts that do not precisely define the idea of a lawful volitional act with legal consequences. Legal fiction refers to assumptions or constructions made by the law that may not reflect reality but are accepted for legal purposes. Contractual obligation pertains specifically to the duties arising from a contract and does not encompass other forms of juridical acts. Actus Reus is a term used primarily in criminal law to signify the physical act of committing a crime, which is distinct from the broader notion of a juridical act.