Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Part II - Sale and Swap - Chapter VI - Deadline for Sale and Payment of the Price and Reserve Domain - From: Article 951 When: Article 967
COLOMBIAN COMMERCIAL CODE CHAPTER VI Sale time to pay the price, and subject domain. Article 951 .- The contract for the sale of a movable body else and not singled out and identifiable fungible, the price is payable in whole or in part, term, payment may be secured by a pledge of the thing sold but the buyer retaining possession of it. These contracts are governed by the provisions of Chapter II of Title IX of this Book, without prejudice to Articles 948 and 948. Article 952 .- The seller may retain the ownership of the thing sold, real or personal property until the buyer has paid the full price. The buyer will acquire ownership of the property by paying the last installment of the price, which is required to be paid in installments, but shall be entitled to reimbursement for the paid amount, as provided in Articles 948 and 949 in case the seller obtain the restitution of the thing. The risks of this will weigh on the buyer from its physic...