APPLICATION THE PRINCIPLE OF GOOD FAITH IN FORCE MATTERS BETWEEN CREDITORS AND DEBTORS IN FOUR-WHEEL VEHICLE FINANCING AGREEMENTS
Abstract
The principle of good faith implies that every party involved in negotiating an agreement is obliged to disclose all material information that may influence the other party’s consent to the agreement. However, until now there are still many creditors who do not comply with the provisions that have been set by the Government related to the existence of Force Majeure which makes it difficult for debtors to carry out their obligations, so that it can potentially incur late fines. This research employs a normative juridical research methodology. The analysis is based entirely on secondary data obtained through documentary research. These sources include primary legal instruments, scholarly legal literature, and supporting reference materials that function as tertiary legal sources.
Fields of Study & Subjects
Indonesian Legal and Regulatory Studies
Legal Studies and Policies
Comparative International Legal Studies
Publication details
- Journal / source
- Veredas do Direito Direito Ambiental e Desenvolvimento Sustentável
- Volume
- 23
- Issue
- 4
- Pages
- e234416–e234416
- Publication date
- 17 February 2026
- Language
- EN