West Virginia Code 31B-1-104 – Supplemental principles of law
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(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.
Terms Used In West Virginia Code 31B-1-104
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate is that specified in section thirty-one, article six, chapter fifty-six of this code.