Invalidity of the Credit Contract

This graduate paper is aimed at complex examining of credit contract and its invalidity in Russian civil law. The main objectives of the paper are: (1) the analysis of the legal nature of the credit contract institution; (2) the analysis of conditions of the credit contract in Russia; (3) the analysis of the place of the credit contract in the civil law deal system; (4) the analysis of the grounds for invalidating of the credit contract; (5) the analysis of the correspondence and consequences of the invalidity and non-conclusion of the credit contract. Based on this research the following conclusions were made: firstly, the credit contract is consensual, bilateral, commutative deal, and it can be qualified as the adhesion contract; secondly, the only condition of the credit contract is the subject matter, other conditions can be filled in by the common provisions of civil law; thirdly, provisions of invalidity of the deals, provided by the para. 2 chapter 9 of the Civil Code, are applicable to credit contract, except for provisions, set forth in the art. 431.1 of the Civil Code; fourthly, the most frequent ground for invalidity of the credit contract is the irregularity in written form; sixthly, non-conclusion of the credit contract and its invalidity are different notions which cause different legal consequences.