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Chapter 3. - Loan of Money and Other Fungible Things

Art. 1930Definition
Art. 1931Proof of Loan
Art. 1932Relations between Bankers and their Clients
Art. 1933Obligations of Lender and Rights of Borrower
Art. 1934Insolvency of Borrower
Art. 1935Preservation of thing Lent
Art. 1936Risk of Loss or Damage
Art. 1937Interest. - 1. Obligation to Pay
Art. 19382. Rate of Interest
Art. 19393. When Payment Due
Art. 1940Compound Interest
Art. 1941Time for Restitution. - 1. Agreed Time
Art. 19422. Absence of Agreed Time
Art. 19433. Special Stipulation
Art. 1944Object of Restitution. - 1. Sum in Nakfas
Art. 19452. Sum in Foreign Currency
Art. 19463. Commodities or Ingots
Art. 1947Delay of Borrower. - 1. Termination of Contract
Art. 19482. Damages

Civil Code · English · 2015

Article 1939

3. When Payment Due

Unless otherwise agreed, interest shall be paid at the end of each year reckoned from the date the contract of loan is concluded.

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About this text

This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur.

Source title: Civil Code of the State of Eritrea
Edition: 2015
Issuing body: Ministry of Justice, State of Eritrea
Repository: FAOLEX
Language: English
Source pages: 543

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