Guarantee is one of the security measures stipulated in the obligations and contracts under the Civil Code. The creditor undertakes to fulfil an obligation on behalf of the party obligated under the agreement if the latter fails to fulfil or improperly fulfils that...
Contract cancellation is the unilateral termination of a contract by one party’s will. However, due to its “retroactive” nature, contract cancellation is a more complex matter. Therefore, the law tightly regulates contract cancellations. In this...
When entering into a sale of goods contract, there are some important provisions to be aware of in order to minimize risks. Therefore, the parties participated in the contract need to understand the basic contents to propose to their business partner during the...
Vacation is a precious time that many people look forward to relaxing, discovering, and enjoying life. Currently, there are many forms of tourism and resort formed to serve the needs of everyone. One of them appears in the form of customers entering into the...
To ensure the performance of obligations in a contract, one of the measures often chosen by parties is Property Mortgage. Property Mortgage has common characteristics with other methods of securing obligations, such as enhancing the responsibilities of the parties...
Property mortgage involves one party using their own property to secure the performance of obligations without transferring the property to the other party. When implementing Property mortgage measures, one of the critical aspects that all parties involved need to pay...
