About the Interest on the Current Account Contract Cover Image
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За лихвата при договора за текуща сметка
About the Interest on the Current Account Contract

Author(s): Blagoy Zlatanov
Subject(s): Law, Constitution, Jurisprudence, Civil Law, Commercial Law
Published by: Пловдивски университет »Паисий Хилендарски«
Keywords: current account; interest rate; merchants; anatocism; balance
Summary/Abstract: Due to the law is required to be paid the interest rate by commercial transactions even it is not agreed by the merchants as parties to the contract. Nevertheless, in some cases that rule is not applicable. Therefore, the main disputable question in the doctrine and case law is whether in general by a current account agreement the interest (usura) on due amounts included in an account (a conto) can drop.