Journal of Legal Research

Journal of Legal Research

Feasibility of Securing Value in Monetary Obligations with Regard to the Nature of the Obligation

Document Type : Original Article

Authors
Aliasghar Eskandari Pesyan 1
Mortaza Hajipour 2
Mohammad Taghi Alavi 3
1 PhD Student in Private Law, Faculty of Law, Theology and Political Science, Tabriz Branch, Islamic Azad University, Tabriz, Iran.
2 Associate Professor, Department of Law, Faculty of Theology, Shahid Madani University of Azerbaijan, Tabriz, Iran.
3 Professor, Department of Private Law, Faculty of Law and Social Sciences, University of Tabriz, Tabriz, Iran.
10.48300/jlr.2023.416297.2440
Abstract
An inquiry into the characteristics, roles, functions, and features of money demonstrates that its legal nature is shaped by its multifaceted and diverse legal functions; therefore, money possesses not a singular nature, but rather multiple natures which are analyzed based on the type of obligation and its contractual or non-contractual origin. Consequently, it is imperative that money be evaluated within the context of its specific obligations commensurately, so that, in accordance with the origin and specific legal relations of the parties, its nature may be identified. In the present research, utilizing a descriptive-analytical method, the author examines the legal functions of money, which entail the recognition of its diverse natures, and proposes the view that some of the most prominent functions of money- particularly those focused on the principle of compensating for the depreciation of money as a means of settlement, damages, and remediation of loss- incrementally increase the extent of the monetary obligor's obligation.
Keywords
Money
Nature of Money
Function of Money
Monetary Obligation
Monetary Obligations
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Journal of Legal Research
Volume 24, Issue 63
Autumn 2025
Pages 395-426