THE ABUSIVE CLAUSES IN THE BANK CREDIT AGREEMENT
THE ABUSIVE CLAUSES IN THE BANK CREDIT AGREEMENT
Author(s): Claudiu-Florin BanSubject(s): Economic policy, Law on Economics, Financial Markets
Published by: Editura Eurostampa
Keywords: abusive clauses; credit contract; damages; termination of the contract; absolute nullity;
Summary/Abstract: In contracts with consumers, intentional or unintentional use of terms that have been held (or could be held) to be abusive may cause major problems for businesses, including financial consequences. In an age in which contracts are concluded with consumers on a mass scale, businesses have a dramatic need to standardise the terms under which they sell their goods and services. Businesses seek to frame their legal relationship with consumers as precisely as possible so that the contract terms can address the specific issues that arise during the course of performance.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XXIII/2018
- Issue No: 23
- Page Range: 5-9
- Page Count: 5
- Language: English