Where the delivery of the subject matter is overdue, that is, the seller fails to deliver the agreed goods to the buyer as agreed, the original price shall prevail if the price rises, and the new price shall prevail if the price falls. If the buyer fails to pay or take delivery in time, the new price shall prevail when the price rises, and the original price shall prevail when the price falls.
The late delivery of the subject matter refers to the subject matter that both parties to the contract agree to implement the government pricing, but not all of the subject matter. If the subject matter is withdrawn or paid within the time limit, the new price shall be implemented when the price rises; When the price drops, the original price shall prevail.
According to Article 513th of the General Principles of the Civil Law of People's Republic of China (PRC), if government pricing or government-guided pricing is implemented, when the government price is adjusted within the delivery period agreed in the contract, it shall be priced according to the delivery price. Where the delivery of the subject matter is overdue, the original price shall prevail when the price rises, and the new price shall prevail when the price falls. Where the subject matter is withdrawn or the payment is overdue, the new price shall prevail when the price rises, and the original price shall prevail when it falls.
Losses caused by the escrow of the subject matter shall be borne by the creditors. Escrow is established when the debtor delivers the price of the subject matter or the auction or sale of the subject matter to the escrow department according to law. If escrow is established, it shall be deemed that the debtor has delivered the subject matter within the scope of escrow. Therefore, if the subject matter is lost, it will of course be borne by the creditor.
What do you mean overdue?
Overdue refers to exceeding the repayment time, generally referring to banks, loan companies, etc. The so-called overdue refers to the situation that the money consumed has not been deposited in the designated account in full and on time after the final repayment period stipulated by the repayment. Once overdue, it will generate overdue interest, including late payment fees and daily interest. If it is linked to credit reporting, the overdue records will be uploaded to the central bank's credit reporting system at the same time, which will affect the user's personal credit reporting records and will have an impact on future credit.