Standards and applications of banking error in credit contracts

Abstract

The basic function that the legal rules seek to achieve is the generalization of justice in all areas, and justice is a relative concept related to the interactions between the provisions of the law and the reality of the circumstances surrounding it. The economic and social transformations had a great impact on the legal base. Credit contracts are nowadays among the means that contribute greatly to support the national economy, by financing the needs of companies of all sizes or activities, and providing financing to individuals according to their jobs, professions or incomes, and therefore the legislator must work on setting controls Legal processes for credit, by defining the legal mechanisms and channels through which money passes from the bank to clients, and working to define and codify the elements of the bank’s liability in credit contracts, and this matter requires starting to study the cases and conditions of the bank’s error in credit operations.