Article 1899 of the French Civil Code
The lender may not reclaim the things lent before the agreed term.
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The lender may not reclaim the things lent before the agreed term.
If no term has been set for restitution, the judge may grant the borrower a period of time depending on the circumstances.
If it was only agreed that the borrower would pay when he could, or when he had the means to do so, the judge will set him a payment term according to the circumstances.
The borrower is obliged to return the things lent, in the same quantity and quality, and at the agreed term.
If he is unable to comply, he is obliged to pay the value having regard to the time and place where the thing was to be returned according to the agreement. If that time and place have not been settled, payment is made at the price of the time and place where the loan was made.
If the borrower fails to return the things lent or their value at the agreed term, he shall owe interest from the day of the summons or legal demand.
It is permissible to stipulate interest for simple loans either of money, commodities, or other movable things.
A borrower who has paid interest that was not stipulated may neither repeat it nor set it off against the capital.
Interest is legal or conventional. Legal interest is fixed by law. Conventional interest may exceed that of the law, whenever the law does not prohibit it. The rate of conventional interest must be fixed in writing.
Receipt of capital given without reservation of interest shall presume payment thereof and operate discharge.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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