Chasing, then serving formal notice

The lesson23
Worked case1
Quiz1
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In this module

Module 1 of 3

Test yourself

A way to check what has landed — no marks, no account · 1 section · 138 words · 3 min

Test yourself

Question 1 of 3

When does late-payment interest start running between businesses?

At the first reminderOn the date payment should have been madeAt the formal noticeWhen the court is seised

Question 2 of 3

Is a reminder a compulsory step before a formal notice?

YesNoYes above 5 000 €Only between businesses

Question 3 of 3

What effect of its own does the formal notice produce?

It suspends the limitation periodIt puts an end to the interest running since the default in paymentIt makes the claim fall dueIt doubles the interest

Back to the programme Module 2 — nextThe three court routes

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