A review of the basic legal requirements for secured credit transactions

نویسندگان

چکیده

Secured Credit Transactions (SCTs) are necessary and unavoidable transactions that business owners engage in to ensure their businesses thrive. However, because of the possibility a person seeking take loan may be desperate taken advantage time dire need, or on other hand, party present fake properties as security for loan, there legal requirements both debtor creditor must meet. This paper addresses possible parties SCT condition each category meet transaction valid. It further identifies measures implemented validity Transactions. finds Nigerian Law protects does not fail none run at loss. concludes is need protect against failed aware Legal requirement successful Nigeria. recommends age infants should reviewed made uniform across country have thorough investigation title landed online.

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ژورنال

عنوان ژورنال: ????????? ?? ???????

سال: 2023

ISSN: ['2587-5043', '2346-7916']

DOI: https://doi.org/10.36475/9.1.4