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An educated man is the one who never finish learning. - Lucian Blaga
Penalty clause – What it Iis and who benefits

The penalty clause is the mechanism available to the creditor of an obligation under Article 1538 of the Civil Code: “1,538. – (1) The penalty clause is one by which the parties stipulate that the debtor undertakes a certain performance in the event of non-performance of the principal obligation. (2) In case of non-performance, the...