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Law and Politics
Reference:
Lobanov, A.V.
Comparative legal analysis of the credit contract and the loan contract.
// Law and Politics.
2012. № 2.
P. 317-321.
URL: https://en.nbpublish.com/library_read_article.php?id=51697
Lobanov, A.V. Comparative legal analysis of the credit contract and the loan contract.
Abstract:
The loan and credit relations are necessary for normal property turnover. Unlike the real contract of loan, the credit contract is consensual, that is it comes into force when the parties reach the agreement on transfer of money to the borrower. An important difference between the loan contract and the credit contract is that only bank or other licensed in the sphere of banking credit organization may lend money under credit contract.
Keywords:
jurisprudence, loan, credit, creditor, loan, borrower, profit-based, specific features of subjects, percentage, counteroffer, contract.
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