- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/11/1998)
- Gwreiddiol (Fel y'i Deddfwyd)
Point in time view as at 01/11/1998.
There are currently no known outstanding effects for the Late Payment of Commercial Debts (Interest) Act 1998, Section 16.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)In this Act—
“contract for the supply of goods or services” has the meaning given in section 2(2);
“contract price” means the price in a contract of sale of goods or the money consideration referred to in section 2(2)(b) in any other contract for the supply of goods or services;
“purchaser” means (subject to section 13(2)) the buyer in a contract of sale or the person who contracts with the supplier in any other contract for the supply of goods or services;
“qualifying debt” means a debt falling within section 3(1);
“statutory interest” means interest carried by virtue of the term implied by section 1(1); and
“supplier” means (subject to section 13(2)) the seller in a contract of sale of goods or the person who does one or more of the things mentioned in section 2(3) in any other contract for the supply of goods or services.
(2)In this Act any reference (however worded) to an agreement or to contract terms includes a reference to both express and implied terms (including terms established by a course of dealing or by such usage as binds the parties).
Commencement Information
I1S. 16 partly in force; s. 16 not in force at Royal Assent see s. 17(2); s. 16 in force for specified purposes: at 1.11.1998 by S.I. 1998/2479, art. 3; at 1.7.1999 by S.I. 1999/1816, art. 3; at 1.9.2000 by S.I. 2000/2225, art. 3(1), Sch.; at 1.11.2000 by S.I. 2000/2740, art. 3(1); S. 16 in force (E. W. NI.) in so far as not already in force at 7.8.2002 by S.I. 2002/1673, art. 2; S. 16 in force (S.) in so far as not already in force at 7.8.2002 by S.S.I. 2002/337, art. 2
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