PRINCIPLE OF AVAILABILITY IN THE MATTER OF THE REDUCIBILITY OF THE PENALTY CLAUSE
Being receptive to doctrinaire advocacies prior to October 1st 2011 and taking into consideration the social and economical realities of the last decades, the Romanian legislator, in art. 1541 of the civil Code gives the court the power to reduce the evidently excessive penalty clause in relation...
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| Format: | Article |
| Language: | English |
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Editura Univeristatii "Stefan cel Mare" din Suceava
2013-12-01
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| Series: | USV Annals of Economics and Public Administration |
| Subjects: | |
| Online Access: | http://annals.seap.usv.ro/index.php/annals/article/view/636/610 |