Notes on the default interest's initial term and the brazilian civil code's article 407
DOI:
https://doi.org/10.5433/2178-8189.2017v21n1p55Keywords:
Default, Default interest, Initial term, LiquidityAbstract
Understanding the definition of the default interest's initial term requires a proper understanding of its objective, which is to indemnify the party who did not receive compensation for the other party's breach of contract. Furthermore, the existence of default interests in contractual obligations that have undetermined objects should be of no debate. Most importantly, those that actively calculate interests based on the eventual fixation of the principal amount with a mere interpretation of the article 407 of the Brazilian Civil Code are not noticing the incompatibility of default interests in the Brazilian legal system. Even more, it contradicts the legal reasoning of this mechanism, whose origin indicates an absence of relation to the default interest's initial term.Downloads
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Published
2017-03-31
How to Cite
Tepedino, G., & Viégas, F. (2017). Notes on the default interest’s initial term and the brazilian civil code’s article 407. Scientia Iuris, 21(1), 55–86. https://doi.org/10.5433/2178-8189.2017v21n1p55
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