Chapter

Stipulatio poenae

Reinhard Zimmermann

in The Law of Obligations

Published in print August 1996 | ISBN: 9780198764267
Published online March 2012 | e-ISBN: 9780191695247 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198764267.003.0004
Stipulatio poenae

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This chapter discusses conventional penalties. It examines the functions of penalty clauses, looking at the assessment of damages, ‘In terrorem’ function, and the indirect enforcement of unenforceable acts. It considers genuine conventional penalty clauses, non-genuine conventional penalty clauses, the forfeiture of the penalty, and Semel commissa poena non evanescit. It also evaluates the problem of excessive penalty clauses, looking at the dangers of conventional penalties, the approach of modern European legal systems, and Ius commune and South African law.

Keywords: conventional penalties; penalty clauses; indirect enforcement; South African law; damage assessment

Chapter.  9633 words. 

Subjects: Civil Law

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