15 of 1962
The Conventional Penalties Act 15 of 1962 aims:
- to provide for the enforceability of penalty stipulations, including stipulations based on pre-estimates of damage, and of forfeiture clauses.
16 March 1962
- Amended by National Credit Act 34 of 2005
- Amended by General Law Amendment Act 49 of 1996
- Amended by Justice Laws Rationalisation Act 18 of 1996
- Amended by General Law Amendment Act 102 of 1967