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Part XI Remedies for Breach of Contract, 46 Interest

From: Global Sales and Contract Law

Ingeborg Schwenzer, Pascal Hachem, Christopher Kee

Content type:
Book content
Product:
International Commercial Law [ICML]
Published in print:
26 January 2012
ISBN:
9780199572984

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 03 October 2023

Subject(s):
a2c8df36-6a98-4441-9270-0cca2458b7ea — fdfe5bed-cdf6-4804-b7ed-c0e777332b83 — b2db95bb-83a6-449b-8f6a-ec42579dc78f — 6bed076e-e112-4ea2-8c64-31e3503a29c2 — 28d71a3c-03b2-48cb-8ce3-e784e9f554bb
46.01 The obligation to pay interest is not the first concept that springs to mind when discussing sales transactions. Probably, this obligation is primarily associated with loan contracts, which are not addressed in this work.1 However, that association is already quite close to the traditionally predominant set of circumstances in which interest is also relevant to sales contracts: late payment of the purchase price, which in its economic effects is a loan—involuntarily—given by the seller to the buyer. However, this is not the only constellation where interest...
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