Rule of Absolute Bar
Munir Ahmad Mughal
Punjab University Law College; Superior Law College; LIMIT Law College, Lahore
September 8, 2011
This paper explains the principle that when a creditor sells collateral without giving reasonable notice to the debtor, the creditor may not obtain a deficiency judgment for any amount of the debt that is not satisfied by sale. Islamic perspective is also discussed.
Number of Pages in PDF File: 5
Keywords: rule, principle, absolute, restricted, bar, barrier, impediment, restriction, darar (harm), gharar (fraud, concealment, ignorance)
JEL Classification: K40working papers series
Date posted: September 9, 2011
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