Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Part I - From Corporate Obligations - Title I - General Obligations - Chapter V - Payment - From: Section 873 to: Article 886
COLOMBIAN COMMERCIAL CODE CHAPTER V Payment Article 873 .- The creditor of an obligation to term, whether express, clear liquid, is entitled to demand sufficient security to ensure compliance, where the debtor flees his home, dissipate their assets or ventures recklessly, or is in a state of insolvency apparent. The deadline the judge points to the debtor to establish the bond referred to in the preceding paragraph without the has been provided, the obligation in question shall be immediately payable. In contracts for continuous or sequential execution, the obligation will only be payable in proportion to the consideration, subject to the surety covers the total obligation. Article 874 .- When not otherwise stated, the amounts stipulated in the legal business will be in Colombian pesos. The national currency having legal tender at the time of payment shall be deemed equivalent to the agreed upon when it is not in circulation at the time of payment. ...