Legislator Case Law & Legislation
I C 154/21 AI generated

Court partially allowed claim for overdue interest on a bill of exchange, limiting it to statutory rates due to missing contract clause.

Case Number I C 154/21
Court / Authority
Jurisdiction Poland (PL)
Decision Date
Outcome Partially Allowed

Legislator summary

AI generated

The court partially dismissed the plaintiff's claim for overdue interest on a bill of exchange, awarding only statutory interest while rejecting the higher contractual rate. The plaintiff argued that the defendant knew the debt amount and terms when signing the bill, but the court found no specific interest clause on the instrument itself. Consequently, the court ruled that without an explicit interest clause on the bill, the defendant is only liable for statutory interest, leading to a partial award and cost allocation based on the plaintiff's partial success.

Legislator headnote

AI generated

Art. 48 pkt 1, 2 ustawy Prawo wekslowe; Art. 5 Prawo wekslowe; The holder of a bill of exchange may claim interest only if expressly stipulated on the bill; absent such a clause, interest is limited to statutory rates regardless of underlying commercial agreements.

Keywords

AI generated
bill of exchange overdue interest statutory interest contractual clause partial dismissal costs allocation negotiable instruments

Cited Legislation

AI generated
Art. 48 pkt 1 ustawy z dnia 28 kwietnia 1936 r. Prawo wekslowe
Art. 48 pkt 2 ustawy z dnia 28 kwietnia 1936 r. Prawo wekslowe
Art. 5 Prawo wekslowe
art. 100 zdanie pierwsze k.p.c.
art. 98 § 1 1 k.p.c.
art. 333 § 1 pkt 3 k.p.c.
art. 481 § 2 k.c
art. 339 § 1 k.p.c
art. 339 k.p.c
art. 339 § 2 k.p.c

Cited Case Law

AI generated
orzeczenie Sądu Najwyższego z dnia 11 października 1929 r.
AI generated

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