|
Post by account_disabled on Dec 7, 2023 7:29:01 GMT
Only if this amount is exceeded will two formal conditions be met. What is a loan? According to the provisions of Art. Article § of the April Act of the Civil Code. With a loan agreement, the lender promises to transfer to the borrower a specific amount of money or items marked only for its type, and the borrower promises to return the same amount of money or the same amount of items. Same variety, same quality. According to the provisions of the Civil Code, a loan agreement does not belong to a unit qualification contract; in principle, any entity, that is, a natural person, a legal person or a so-called defective legal person. However, when defining the entities that sign philippines photo editor a loan agreement, we distinguish: the lender is the entity that issues the loan, and the borrower is the entity that accepts the loan. The is to transfer ownership of the loan to the borrower. The lender's performance of this obligation makes the subject matter of the loan the property of the borrower, which means that the subject matter becomes the property of the borrower. The loan agreement is a bilateral agreement because both parties to the loan agreement have obligations. Important matters Loan agreements exceeding the value require documentation form [§]. The difference between a loan and a donation is set out in Article.
|
|