Concept and Nature of Money and the Guarantee of Devaluation and Delayed Payment Compensation Related to Bill Debt Repayment

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Abstract

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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