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Croatian to English translations [PRO]
Law/Patents - Law: Contract(s) | | Croatian term or phrase: Zakon o rokovima ispunjenja novčanih obveza | | Sukladno Zakonu o rokovima ispunjena novčanih obveza (NN 125/11) mijenja se članak 3. Ugovora o poslovnoj suradnji i glasi:..... |
|  darkopKudoZ activityQuestions: 90 ( 13 open) ( 9 closed without grading) Answers: 97
| | Local time: 10:17
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| | Time for Performance of Pecuniary Obligations Act | Explanation:
STIPULATIONS AS TO TIME OF PERFORMANCE
At common law, in the absence of contrary intention, time was regarded as being of the essence. Thus if a party did not perform on time he could not enforce the contract against the other party. Section 41 Law of Property Act 1925 modified this common law rule by providing that the equitable principle shall prevail with the result that if time is not of the essence, a right to damages accrues but not a right to terminate the contract.
In equity time was not regarded as being of the essence, except in three circumstances:
Rok za ispunjenje-time for performance
novcane obaveze- pecuniary obligations |
| Selected response from:
Natasa Djurovic
Serbia
Local time: 10:17
| Grading comment Hvala za pomoć
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