Zahlungsverzug: Rechte des Gläubigers (= Verkäufer)

Simply explained: What rights does the creditor/seller have in the event of late payment? Right 1: Payment + possible damages § 286 BGB (damages for delay or default interest) Without grace period Right 2: Withdrawal from the purchase contract § 323 BGB No fault required (= also in the case of late payment) With grace period - grace period dispensable in the case of refusal to pay and if the payment date can be precisely determined Right 3: Damages in lieu of performance § 281 BGB With grace period - grace period dispensable in the case of refusal to pay Delay in payment is a breach of contract under the purchase contract