Research on Debt Contracts and Private Lending in Modern Heluo Area
Through the empirical study on the debt contracts,there were many reasons for private lending in the modern Heluo area with many abbreviated phrases.Money loan was the main form,which was supplemented by physical credit,and the loans were mostly used for living consumption,but rarely for investment and production.Affected by the social environment,there were mostly small and short-term loans,and the forms were mainly credit loan,guarantee loan and mortgage loan.The interest rates on loans generally would not exceed the ceiling set by the government.Most of loans were applied for mutual aids and emer-gency relief among neighbors,relatives and friends.In order to ensure the maximized interests of creditors,the common solutions for default included disposal by appointment,disposal by negotiation,repayment by sons,and judicial litigation,etc.Therefore,the debt disputes were very common.
万方数据
维普
