Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Part VI - The Mutual - From: Section 1163 to: 1169 Art
COLOMBIAN COMMERCIAL CODE
TITLE VI
THE MUTUAL
Section 1163 .- Unless expressly agreed otherwise, the borrower must pay the statutory interest mutuante business sums of money or value of things received in another.
Unless a reservation, the paper receipt of interest on a pay period will presumably have been paid earlier.
Section 1164 .- If you do not stipulate a term for a refund, or
if it is left to the will or the capabilities of the borrower, will be
the setting for the trial judge, taking into consideration the
provisions of the contract, the nature of the operation to be has for
the loan and the personal circumstances of the lender and the borrower.
The procedure to be followed in these cases will be brief and summary regulated in the Code of Civil Procedure *.
* Modified. Code of Civil Procedure.
Article 427 .- Modified. Decree 2282 of 1989, Article 1. Number
231. Matters covered. Verbal process will be processed in accordance
with the procedure set forth in this chapter, the following issues:
...
Paragraph 2. Because of its size:
12. Those provided for in Articles 175, 519, 940 second and third
paragraphs, 941, 943, 945, 948, 950 (952), 852, 966, 972, 1164, 1170,
and 1364 of the Commercial Code and any other matter that the order code
resolved by summary proceedings or incidental self processing.
Art. 435 ..- Modified. Decree 2282 of 1989, Article 1. Number
239. Matters covered. Be processed in one instance by the procedure
governing this chapter (verbal summary process), the following issues:
...
Paragraph 2. Because of its size.
The business of small claims and referred to in paragraph 2. Article 427 which are of the same amount.
Section 1165 .- When not in the mutual restitution of money and
things are notoriously impossible or difficult, for reasons beyond the
borrower, it must pay the value of such things at the time and place
must be the return.
Section 1166 .- Repealed. Act 45 of 1990, Art 99.
Section 1167 .- The lender must compensate the damage that hidden
defects or poor quality of the borrower suffers mutual thing, if it has
ignored or been unaware without your fault.
When the mutual stipulated without interest, the lender is obligated
only to the compensation indicated if being aware of the poor quality or
hidden defects of the thing mutual warned them not to borrower.
Section 1168 .- Prohibens pacts involving the simulation of interest allowed by law.
Section 1169 .- Who can promise to refrain from mutual to fulfill
its promise if the other contractor's economic conditions have altered
so notoriously difficult to make restitution, unless the borrower
promisor offered adequate security.
...
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