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Article 406. Creditor ' s time limit

📅 Updated: 30.09.2026

1. The creditor shall be deemed to be in arrears if it has refused to accept the debtor ' s proposed due performance or has failed to perform the acts provided for by law, other legal acts or contract, or The creditor is also considered to have expired in the cases referred to in article 4, paragraph 2 The creditor shall not be deemed to be in arrears if the debtor was unable to perform the obligation, regardless of the creditor ' s failure to perform the act. 2. The creditor ' s delay gives the debtor the right to recover the damages caused by the delay, unless the creditor proves that the delay occurred due to the circumstances, 3. Under a monetary obligation, the debtor is not obliged to accept execution. Ann to pay interest on the time of the creditor ' s delay.