There are a lot of disagreement on validity of the pawning of bills. Some scholars consider it valid and some do not. The authors believe that we should refer to usage to find the definitions of the property and financial value of it since they are conventional expressi More
There are a lot of disagreement on validity of the pawning of bills. Some scholars consider it valid and some do not. The authors believe that we should refer to usage to find the definitions of the property and financial value of it since they are conventional expressions and no certain definitions of them can be found in legal texts. There are many evidences from the usage which prove that the bill is not considered simply some kind of document in usage but in fact some form of property and even material kind, since it is tangible, the bill may be named as material property. The authors view on the topic is that the definition of material property is logically the same as the definition of concrete object. Consequently, it may be said that the bill is a concrete object therefore its pawning must be considered valid. If some rational aim can be found for pawning of bills as in fact there are some, the pawning of it is valid otherwise not.
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The legislator has allowed the governor to give moratorium or installment to the lender based on article 652. If the debt subject be related to the bill, the value of money may decrease. Also, the lender may be deprived from the benefits that could obtain by the use o More
The legislator has allowed the governor to give moratorium or installment to the lender based on article 652. If the debt subject be related to the bill, the value of money may decrease. Also, the lender may be deprived from the benefits that could obtain by the use of his money too. There are many different viewpoints among the scholars in relation with being eligible of devaluation and compensation of delayed payment. It seems that devaluation is under the guarantee and purchasing power of money must be respected. But according to article 522, there is no possibility to compensate devaluation. Compensation of delayed payment is not eligible too.
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