Expiration of the general loan contract

Authors

  • Mohsen Malik Afzli Ardakani Ibn Kazem
  • Qusay Jamil Faisal Omran

Keywords:

expiration - contract - agreement - general loan

Abstract

Recently, there has been an increase in the tendency of governments to contract with countries, international financial organizations, banks, or individuals for the purpose of financing the financial deficit occurring in government expenditures for countries that suffer from an increase in expenditures and a decrease in imports. It is natural for the contracting party with the government (the creditor) to search for the purpose that This purpose may be political, developmental, or financial, prompting the lender to focus on the aspect of the annual interest achieved as a result of the borrowing process, as well as focusing on determining the time period for repaying the principal value of the loan accurately, that is, determining the expiry period of the general loan contract, except that There are many ways in which a public loan contract can be terminated, depending on whether the contract is internal or external. An internal public loan contract can be terminated by the natural repayment of the loan, a judgmental repayment, or an equivalent of fulfillment. The contract can also be terminated (without repayment), and that is either In the event of a debt being discharged or a loan being denied, as for the methods of terminating an external public loan contract, they are similar in certain methods of termination and differ in other ways. The reasons for terminating a general loan contract or treaty can be limited to self-expiration, expiration by agreement of the two parties to the contract or treaty, and expiration due to annulment and expiration. Because of the war.

Published

2024-07-01