Page:The Civil code of Japan (IA cu31924069576704).pdf/126

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404.

If an obligation bears interest and there is no different intention expressed, the rate of interest is five per cent per annum.

405.

If the interest is in arrear for one year or more, and the debtor does not pay upon the creditor’s demand, the latter may add such interest to the principal.

406.

If the subject of the obligation is to be selected from among several prestations, the right of selection belongs to the debtor.

407.

The right of selection mentioned in the preceding article is exercised by an expression of intention made to the other party.

Such expression of intention can be rescinded only with the assent of the other party.

408.

When the obligation comes due, if the party having the right of selection on being called upon by the other party to select within a reasonable time, does not do so within such time, the right of selection passes to the other party.

409.

If a third person is to make the selection, it is done by an expression of intention made either to the creditor or to the debtor.

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