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 proc...