Source: http://www.jus.uio.no/lm/eu.contract.principles.1998/7.109.html
Timestamp: 2017-12-17 04:24:04
Document Index: 267532955

Matched Legal Cases: ['art. 5', 'art. 6', 'art. 6', 'art. 6', 'art. 6', 'art. 6', 'art. 7', 'art. 4']

7.109 - The Principles Of European Contract Law 1998, Parts I and II - (Parts I and II completed and revised)
THE PRINCIPLES OF EUROPEAN CONTRACT LAW - completed and revised version 1998
Section 2 - General Obligations
Section 3 - Terminology and Other Provisions
Article 2.104 (ex art. 5.103 A) - Terms not individually negotiated
Article 3.101 - Scope of the Chapter
Article 3.102 - Categories of Representation
Article 3.201 - Express, implied and apparent authority
Article 3.202 - Agent acting in exercise of his authority
Article 3.203 - Unidentified Principal
Article 3.204 - Agent acting without or outside his authority
Article 3.205 - Conflict of Interests
Article 3.206 - Subagency
Article 3.207 - Ratification by Principal
Article 3.208 - Third Party's Right with Respect to Confirmation of Authority
Article 3.209 - Duration of Authority
Article 3.301 - Intermediaries not acting in the name of a Principal
Article 3.302 - Intermediary's Insolvency or Fundamental Non-performance to Principal
Article 3.303 - Intermediary's Insolvency or Fundamental Non-performance to Third Party
Article 3.304 - Requirement of Notice
Article 4.104 (ex art. 6.104) - Inaccuracy in communication
Article 4.110 (ex art. 6.110) -Unfair terms which have not been individually negotiated
Article 4.115 (ex art. 6.116) - Effect of avoidance
Article 4.116 (ex art. 6.115) - Partial avoidance
Article 4.119 (ex art. 6.119) - Remedies for non-performance
Article 5.105 (ex art. 7.105) - Reference to Contract as a Whole
Article 8.109 (ex 3.109) - Clause Limiting or Excluding Remedies
Article 9.504 - Loss Attributable to Aggrieved Party (new; previously part of 4.504)
Article 9.505 - Reduction of loss (previously part of 4.504)
Article 9.506 (ex art. 4.505) - Substitute Transaction
The Principles Of European Contract Law 1998, Parts I and II - (Parts I and II completed and revised)
(1) Where a party has to perform several obligations of the same nature and the performance tendered does not suffice to discharge all of the obligations, then subject to paragraph 4 the party may at the time of its performance declare to which obligation the performance is to be appropriated.
(2) If the performing party does not make such a declaration, the other party may within a reasonable time appropriate the performance to such obligation as it chooses. It shall inform the performing party of the choice. However, any such appropriation to an obligation which:
(a) is not yet due, or
(b) is illegal, or
(c) is disputed,
(3) In the absence of an appropriation by either party, and subject to paragraph 4, the performance is appropriated to that obligation which satisfies one of the following criteria in the sequence indicated:
(a) the obligation which is due or is the first to fall due;
(b) the obligation for which the obligee has the least security;
(c) the obligation which is the most burdensome for the obligor,
(d) the obligation which has arisen first.
If none of the preceding criteria applies, the performance is appropriated proportionately to all obligations.
(4) In the case of a monetary obligation, a payment by the debtor is to be appropriated, first, to expenses, secondly, to interest, and thirdly, to principal, unless the creditor makes a different appropriation.