The Applicability of art. 114, para. 2 of the Law on Obligations and Contracts in Commercial Transactions Cover Image
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Приложимостта на чл. 114, ал. 2 от Закона за задълженията и договорите при търговските сделки
The Applicability of art. 114, para. 2 of the Law on Obligations and Contracts in Commercial Transactions

Author(s): Polya Goleva
Subject(s): Law, Constitution, Jurisprudence, EU-Legislation, Commercial Law
Published by: Пловдивски университет »Паисий Хилендарски«
Keywords: commercial contracts; commencement of the limitation period; invitation from the creditor

Summary/Abstract: In commercial contracts, traders often agree on the monetary obligation to be fulfilled after a certain period of time after the debtor receives the invoice from the creditor. The article discusses whether it is a question of applying Art. 114, para. 2 of the Law on Obligations and Contracts and if we can talk about an invitation from the creditor and that the obligation becomes due after an invitation from a creditor. The author comes to the conclusion that the practice should be established as lawful, according to which there is no invitation from the creditor within the meaning of Art. 114, para. 2 of the LOC, the stipulation in the contract that the monetary obligation should become due after the obligated person receives an invoice or other document from the creditor and after the expiration of a certain term after receipt.

  • Issue Year: 2022
  • Issue No: 1
  • Page Range: 21-29
  • Page Count: 9
  • Language: Bulgarian