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What is Loan Payment and Interest Guidelines about?

1. Governing rules on the payment of loans depend on the object of the contract. For money loans, payment is generally made in the currency stipulated. For consumable things, the debtor pays another thing of the same kind and quality. 2. The debtor is liable to pay legal interest (6% annually) as indemnity for damages even without a stipulation for interest. Interest accrues from unpaid interest from the time it is judicially demanded. 3. The basis for a creditor

Author

Hussein Dee

Language

EN