Indonesian Journal of Law and Economics Review
Vol 1 No 2 (2018): February

Legal Consequences for Leasing Companies That do not Provide Funds in Accordance to the Initial Agreement

Agus Dwi Arifudin (Fakultas Hukum, Universitas Muhammadiyah Sidoarjo)
M. Tanzil Multazam (Universitas Muhammadiyah Sidoarjo)
Noor Fatimah Mediawati (Fakultas Hukum, Universitas Muhammadiyah Sidoarjo)



Article Info

Publish Date
28 Feb 2018

Abstract

Leasing is an activity in the field of financing such as banks, but not banks in the form of providing capital goods that have option rights and a certain period of time. The research is expected to add insight and as an input for the community about legal issues and issues regarding lease agreements made by leasing financing institutions. The method used is a statute approach approach based on the current legislation, and a conceptual approach to reviewing the views and doctrines that develop in the field of legal science. Leasing companies that do not provide loan funds in accordance with the purchase lease agreement, according to Article 1320 of the Indonesian Civil Code, the agreement is legally flawed and can be canceled, and deemed to have never existed. Because in this agreement the objective conditions in Article 1320 of the Indonesian Civil Code are not fulfilled because they have committed fraud against the contents of the agreement.

Copyrights © 2018






Journal Info

Abbrev

ijler

Publisher

Subject

Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Description

Indonesian Journal of Law and Economics Review (IJLER) is published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of ...