Journal of Legal Research

Journal of Legal Research

Binding Character of Contracts on Credits Granted by Banks and it's Ambiguities

Author
Abstract
According to Iranian legislation on banking operations without interest, it is recognized that the contracts on credits granted by banks have a binding character. However, under the amendment of this legislation, this character is depending upon agreement of the parties and absence of dispute on the contract. The ambiguities arising out of the amendment have been studied in this article.