Entradas

Mostrando las entradas etiquetadas como COLOMBIAN COMMERCIAL CODE BILL EXCHANGE PAYMENT

Colombian Commercial Code - Decree 410 of 1971 - Book III - Of Commercial Property - Title III - Securities - Chapter V - Different species of Securities - Section I - Bill of Exchange - Subsection III - Payment - From: Art . 691 By: Art 696

COLOMBIAN COMMERCIAL CODE Subsection III  Payment Article 691 .- The bill of exchange shall be presented for payment on the maturity date or within eight calendar days following. Article 692 .- The presentation for payment of sight draft must be made ​​within the year following the date of the title. Any required may reduce this limit, if and slogan in the lyrics. The drawer may extend in the same manner and to prohibit the presentation before a certain time. Article 693 .- The holder may not refuse partial payment. Article 694 .- The holder can not be compelled to receive payment before the expiration of the letter. Article 695 .- The drawee who pays before maturity will be responsible for the validity of the payment. Article 696 .- If the letter does not overcome is presented for payment within the terms provided for in Article 691, may deposit any amount required of it in a bank authorized by law to receive deposits in court,...