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COLOMBIAN COMMERCIAL CODE CHAPTER VI Procedures Section I Actions Article 780 .- The exchange action shall be exercised: 1. In case of non-acceptance or partial acceptance; 2. In the event of nonpayment or partial payment, and 3. When the drawer or the acceptor are (bankrupt), * or in liquidation, or are open (bankruptcy), * or are in any other similar situation. * Open compulsory liquidation proceedings. Article 781 .- The exchange action is direct when the acceptor is brought against an order granting or exchange of a promise or guarantee, and back when he is brought against any other obligor. Article 782 .- Exchange action by the last holder of the title may claim the payment: 1. The amount of the title or, where applicable, the unaccepted or unpaid; 2. By default interest from the date of maturity; 3. The costs of collection, and 4. Premium and transfer costs from one place to another. Article 783 .- The way back obliged to pay the title, may require action by...

Money and the Auditor Source: Wikimedia Commons License: Public Domain Image View License Details:   Click Here "The role of the auditor for the fiscal in colombia simplified joint stock companies, s.a.s." TABLE OF ONTENTS GLOSSARY:  "AND RELATED TERMS S.A.S." SUMMARY:  "S.A.S. AND OTHERS" INTRODUCTION:  "S.A.S. AND OTHERS" Justification:  "S.A.S. AND OTHERS"                                                                                       1. Description of the rules "S.A.S."And the rules on societies in general, with regard to the need for an Auditor 1.1 Act 1258 of 2008 and Decree 2020 to 2009. 1.2 Commercial Code 1.3 Law 222 of 1995 2. Analysis of the advantages and disadvantages of standards issued on SAS 2.1 Ad...