Simulation of legal acts: Theory, action and effects of its declaration
Abstract
From this analysis concerning the most debated issues of the theory of simulation of legal acts, which has been developed by scholars and Colombia’s highestCourts, one may conclude that simulation is the agreement between two or
more people to legally portray the existence of a contract, or parts thereof, in
disagreement with their real intention. The action of simulation can be attempted by the contracting parties or by third parties to whom certain and actual
damages are caused. Whoever claims the simulation bears the burden of its
proof. In this area, the Court has a lower demand of factual consistency and
more freedom to appreciate the evidence in order to find and declare the truth
behind the apparent business
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