Contract Law


Fichier Détails

Cartes-fiches 42
Langue English
Catégorie Droit
Niveau Université
Crée / Actualisé 28.12.2019 / 15.01.2024
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What is a Penalty?

For Example:
Any delay with the delivery of an industrial plant causes considerable damage to the customer. Therefore, the contractor often is obliged to pay a penalty for each day he is late in the delivery of it.

What are limitations of liability?

Limitations set in the contract to exclude any unappropriate damages

  • simple negligence (of an employer)
  • loss of profit
  • etc.

Personal injuries cannot be excluded.
Breach of warranty, termination, reduction of price, claim for remedy of a defect or the contract cannot be covered