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act-15-1962.pdf | 943.14 KB |
15 of 1962
The Conventional Penalties Act 15 of 1962 intends:
- to provide for the enforceability of penalty stipulations, including stipulations based on pre-estimates of damage, and of forfeiture clauses.
Commencement
16 March 1962
Amendments
- 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