Les clauses d'échelle mobile et le droit monétaire français

Joseph Hamel

Revue Économique, 1955, vol. 6, issue 2, 167-186

Abstract: [eng] From the jurist point of view the pratice of sliding scale clauses are opposed to the traditional nominalism of French monetary law Custom born of the jurisprudence of the last thirty years condemns the clauses of gold payment or gold value From analogy Courts of Justice cancel sliding scale clauses when they are bound to monetary phenomenous In fact all sliding scale clauses belong to monetary law Consequently is it certain that the imperative dispositions of law must lead to condemna tion of all sliding scale clauses Protection of national money is not tinal purpose in itself There is hierarchy of imperatives Some require ments of law and order can sometime be more powerful than those derived from customary monetary Notion of justice and economic necessities have led French legislators to interfere on several occasions to attest the validity of the clauses Such are the cases of some particular matters like contract of lease wages life annuities and more recently the allowance of indexation for national enterprises and local communities loans and for building-saving Thus there is tendency to set up juridical method authenticating sliding scale clauses when the imperatives of monetary law are not in keeping with necessities of economic life and necessities of credit Hence forth French jurisprudence has to go to this iway

Date: 1955
Note: DOI:10.3406/reco.1955.407102
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