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Law and Politics
Reference:
Ponazhev Yu.O.
The problems resulting from dissolution of a loan agreement
// Law and Politics.
2015. № 6.
P. 843-847.
URL: https://en.nbpublish.com/library_read_article.php?id=52443
Ponazhev Yu.O. The problems resulting from dissolution of a loan agreement
Abstract:
The subject of this research is the legal consequences resulting from dissolution of a loan agreement. The author examines the main methods of dissolving a loan agreement. This research presents an analysis of issues that emerge in legal precedent due to dissolution of loan agreements, including the information on which violations of a loan agreement can serve as sufficient grounds to request the dissolution, while the loan agreement can be dissolved as a result of significant changes in the circumstances. The article presents legal precedent on each of the means of dissolving a loan agreement. The author proposes criteria for allowing dissolution of a loan agreement due to significant violations of the agreement or changes in the circumstances. The author concludes that there are three main ways of dissolving a loan agreement, and states that the permissibility of dissolution of the credit agreement in each specific case can only be resolved by analyzing the legal precedent.
Keywords:
Legal relations, Loan agreement, Dissolution of a loan agreement, Termination of contract, Breach of contract, Change of circumstances, Early payoff, Unilateral refusal, Reimbursement of losses, Extending credit
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