Facebook Twitter LinkedIn Google + YouTube

Penal interest

The question, whether a particular stipulation is or is not "Penal" is to be determined by the Court on the facts of each case. It has been held generally that a stipulation, which imposes a higher rate of interest in the event of a breach of the contract with retrospective effect from the date of contract, is "Penal" (e.f. 99 P.R. 1894). ...


login

 This is debug window. Set define('DEBUG', FALSE) in config.php file to hide it.