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All Journal Jurnal Pamator : Jurnal Ilmiah Universitas Trunojoyo Madura
Tasya Dania Azzahra
Master of Notary Affairs, Faculty of Law, Pasundan University
Humanities Economics, Econometrics & Finance Social Sciences

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The Power of a Pledge Agreement Made Under Circumstances of Force Aslan Noor; Herlin Nurdiani; Raisa Sari; Tasya Dania Azzahra
Jurnal Pamator : Jurnal Ilmiah Universitas Trunojoyo Vol 17, No 3: 2024
Publisher : Universitas Trunodjoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/pamator.v17i3.26672

Abstract

To borrow or lend money is one example of an economic and financial transaction that often involves a contractual agreement. Collateral is an object that the debtor (borrower) gives to the creditor (lender) in exchange for a loan. "Pawned" describes the thing that serves as collateral. A creditor may sell a pawned item to recover a debt in the event that the debtor does not make their loan repayment as agreed upon. Consensus agreements reached under pressure tend to be unjust and hurtful to one side. The concepts of fairness and equilibrium in contracts are violated by this. Consequently, we must investigate the means by which agreements entered into under duress may be rescinded or rectified, as well as the laws that govern the protection of parties in such situations.
Co-Authors Aslan Noor Herlin Nurdiani Raisa Sari