Jurisprudential and Legal Study of Compensating for the Reduction of Purchasing Power Due to the Passage of Time
One example of a loss in which there is a difference in the ability to compensate is "loss due to the devaluation of money". This means that over time, the "real value" of money, as opposed to its "nominal value", decreases and its initial purchasing power changes.
This research is of theoretical type and the research method is descriptive-analytical and the method of data collection is library and has been done by referring to documents, books and articles.
Ethical Considerations:
In order to organize this research, while observing the authenticity of the texts, honesty and fidelity have been observed.
There is disagreement about the ability to compensate for the loss of value of money over time, but it seems that the reasons for the ability to compensate are stronger. Money is nothing but purchasing power and the power of discharge, apart from being a guardian or like.
In the payment of debts, the debtor must be the criterion for the debtor to be discharged on the day of borrowing. At present, the only provision that can be relied on for the ability to compensate for a devaluation is Article 522 of the Code of Civil Procedure, and therefore there is no general rule in this regard, and the ability to compensate faces a broad obstacle.
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