Can I read Understanding Penal Clauses in Obligations on EtoBox?

Understanding Penal Clauses in Obligations by Dores Dee Siega Purcon is a document available to read on EtoBox.

What is Understanding Penal Clauses in Obligations about?

Obligations with a penal clause allow for a penalty to replace indemnity for damages and interest in cases of non-compliance, unless otherwise stated. Penal clauses can be classified as legal or conventional, and as subsidiary or joint based on their demandability. Exceptions to the rule that penalties replace damages include express stipulations allowing for additional damages, debtor refusal to pay the penalty, or debtor fraud in fulfilling the obligation.

Author

Dores Dee Siega Purcon

Language

EN