Selected Cases by Article & Issues
Article 8.40 Cases
(1) The notice must specify the obligations to which it relates.
(2) If the notice does not specify the obligation against which set-off is exercised, the other party may, within a reasonable time, declare to the first party the obligation to which set-off relates. If no such declaration is made, the set-off will relate to all the obligations proportionally.
| Number | Issue | # Cases |
|---|---|---|
| 1 | Notice specifying obligations to be discharged | |
| 2 | Declaration by other party | |
| 3 | Obligations discharged proportionally |