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obligation with a penal clause
obligasyon na may parusa na parusa
Last Update: 2021-04-12
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in obligations with a penal clause, the penalty shall substitute theindemnity for damages and the payment of interests in case of non-compliance, if thereis no stipulation to the contrary. nevertheless, damages shall be paid if the obligor refuses to pay the penalty or is guilty of fraud in the fulfillment of the obligation.the penalty may be enforced only when it is demandable in accordance with theprovisions of this code.
aklat ng batas
Last Update: 2015-07-22
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