The magnetic credit card of the most prominent manifestations of the means of evolution meet financial commitments at the present time, as the bank issuing these cards to its customers this campaign whereby the cards to obtain goods and services from merchants who accept the deal the cards.
Not been subjected to the Iraqi legislature legislative regulation to deal with a credit card, despite the presence of a number of banks have issued such cards, and then the relations between the parties are subject to the will of the parties and the general rules in the contracts contained in the Civil Code.
The deal with a credit card on the triangular relationship between the parties, there is a relationship between the bank and the customer carrier of the card is governed model contracts puts the bank would normally carry the character of compliance, identifying these contracts rights and obligations of the parties to the relationship and the consequences of misuse, and that there is a relationship between the bank and the merchant who accepts to meet these cards to cardholders, and carries this decade also comply recipe and defines the rights and obligations of the parties and the resulting responsibility for the breach, and finally there is a relationship between the merchant and the cardholder is a sales contract or provide the service and is subject to the general rules.
These contracts are mutually binding contracts entail a breach of the order nodal responsibility for the breach of its obligations. And to the Besides Streptococcus responsibility there tort produces about dealing with this card in the absence of a proper contract.
In the absence of legislative regulation of credit cards These cards remain subject to the general rules of civil law, and this is a legislative shortage of Iraqi legislator should be addressed.