Contractual Default Interest Rate Validity and Usury
Synthèse Legislator
Généré par l'IAThe case addresses the validity of certain contractual clauses pertaining to interest calculation following a default, where the dispute centered on whether the applicable interest rate was usurious given the jurisdiction's maximum legal rate. The court reasoned that the challenged contractual rate, when applied post-default, did not exceed the statutory maximum for default interest because the relevant statute permitted the contracted rate to apply, including after default, provided the initial rate itself was not usurious, ultimately upholding the contractual provision as enforceable.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF; Contractual Default Interest Rate Validity and Usury: The court reasoned that the challenged contractual rate, when applied post-default, did not exceed the statutory maximum for default interest because the relevant statute permitted the contracted rate to apply, including after default, provided the initial rate itself was not usurious, ultimately upholding the contractual provision as enforceable.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IAApplied to order the appellant to pay the court costs.
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