{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:1505","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"Interest for Failure to Pay Money","number":"1505","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1505/","hierarchy":{"book":"BOOK V - OBLIGATIONS","title":"TITLE I - CONTRACTS IN GENERAL","chapter":"Chapter 8. - Non-Performance","section":"Section 4. - Damages","paragraph":"Paragraph 1. - Damages in General"},"paragraphs":[{"id":"p1","number":"1","text":"If a party does not pay a sum of money when it falls due the aggrieved party is entitled to interest upon that sum from the time when payment is due to the time of payment whether or not the non-payment is excused.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1505/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":425,"url":"https://eriatlas.com/sources/civil-code-2015/page/425/?article=1505&paragraph=p1#article-1505-p1"}]},{"id":"p2","number":"2","text":"The rate of interest shall be the average bank short-term lending rate to prime borrowers.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1505/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":425,"url":"https://eriatlas.com/sources/civil-code-2015/page/425/?article=1505&paragraph=p2#article-1505-p2"}]},{"id":"p3","number":"3","text":"The aggrieved party is entitled to additional damages if the non-payment caused it a greater injury.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1505/#p3","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":425,"url":"https://eriatlas.com/sources/civil-code-2015/page/425/?article=1505&paragraph=p3#article-1505-p3"}]}],"caution":"This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur."}