Contractual Penalty under the Commercial Code (with focus on the discretionary power of a judge to reduce a contractual penalty) Contractual penalty is a concept frequently used by the parties to consolidate the position of the creditor as well as to motivate the debtor to fulfill the obligation as agreed. Not different from the other institutes of private law, the practical application of contractual penalty arises many questions with no uniform answers. The purpose of the thesis is to analyze selected contentious issues concerning the contractual penalty, especially discretionary power of a judge to reduce its unreasonable amount, to confront controversial theoretical opinions as well as non-conforming conclusions drawn from the juristic theory and established practice of the courts and add own opinion on the discussed matters. The paper does not include the exhaustive construction of contractual penalty, and therefore the general aspects are outlined only to the necessary extent. Greater attention is paid to the creation and existence of the right and claim to the contractual penalty. The study shifts the focus on the discretionary power of a judge to mitigate its inappropriate amount comprising different opinions on the related issues. The concept of contractual penalty has been used in private...
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:329233 |
| Date | January 2013 |
| Creators | Mináčová, Michala |
| Contributors | Patěk, Daniel, Klee, Lukáš |
| Source Sets | Czech ETDs |
| Language | Slovak |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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