PAYMENT ORDER IN ELECTRONIC FUNDS TRANSFER AS ASSIGNMENT OFFER

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

AMINI MANSOUR; MIRI HAMID; MOTAGHI SHAHRI SAMAN

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: PRIVATE LAW Year:2018 | Volume:6 | Issue:24 Page(s): 173-200

Download Full-Text

Persian Verion

View:

954

Download:

Cites:

Information Journal Paper

Title

PAYMENT ORDER IN ELECTRONIC FUNDS TRANSFER AS ASSIGNMENT OFFER

Author(s)

AMINI MANSOUR | MIRI HAMID | MOTAGHI SHAHRI SAMAN | Issue Writer Certificate

Keywords

FUND TRANSFERQ1

CREDIT TRANSFERQ1

ASSIGNMENTQ2

CONSENTQ1

AGENTQ1

Abstract

This article discusses Electronic Funds Transfer (EFT) based on an ASSIGNMENT framework. Payment order in EFT is considered to be an ASSIGNMENT offer. If the FUND TRANSFER is considered on this basis, it must contain conditions for the emergence of an ASSIGNMENT and its legal consequences. In this respect, debt or credit as subject matter of this agreement is available in most cases of EFT, even if there is no debtor and creditor relationship between the issuer of the payment order and beneficiary. In terms of intent for creation an ASSIGNMENT, since the issuer is willing to transfer funds that is being holding by bank and there is no need for debtor’s CONSENT and there is no fiduciary relationship between them, the legal relationship created between the issuer and the bank has to be interfered as an ASSIGNMENT. As regards consequences, by accepted this idea, the right of the bank to reject FUND TRANSFER order can easily be interpreted. Having said that, what a bank does on order after receipt of payment order should not be considered to be the acceptance of the offer, because this is a regular and preliminary process. Since the doctrine is not able to respond to some situations for FUND TRANSFER, including FUND TRANSFER to another account of the issuer, it has been subject to some criticisms.

Cites

No record.

References

No record.

Cite

APA: Copy

AMINI, MANSOUR, MIRI, HAMID, & MOTAGHI SHAHRI, SAMAN. (2018). PAYMENT ORDER IN ELECTRONIC FUNDS TRANSFER AS ASSIGNMENT OFFER. PRIVATE LAW, 6(24 ), 173-200. SID. https://sid.ir/paper/252711/en

Vancouver: Copy

AMINI MANSOUR, MIRI HAMID, MOTAGHI SHAHRI SAMAN. PAYMENT ORDER IN ELECTRONIC FUNDS TRANSFER AS ASSIGNMENT OFFER. PRIVATE LAW[Internet]. 2018;6(24 ):173-200. Available from: https://sid.ir/paper/252711/en

IEEE: Copy

MANSOUR AMINI, HAMID MIRI, and SAMAN MOTAGHI SHAHRI, “PAYMENT ORDER IN ELECTRONIC FUNDS TRANSFER AS ASSIGNMENT OFFER,” PRIVATE LAW, vol. 6, no. 24 , pp. 173–200, 2018, [Online]. Available: https://sid.ir/paper/252711/en

Related Journal Papers