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Post by account_disabled on Dec 6, 2023 4:52:06 GMT -6
Only valuable information. Enter your email address* I accept the regulations and subscribe to the newsletter containing information about products and services. * Sign up in this article and we will clarify any doubts, but at the same time keep in mind that the loan amount available to your immediate family members is up to, . Civil law transactions are tax-free and you do not have any additional obligations. Only if this amount is exceeded will two formal conditions be met. What is a loan? According to the provisions of Art. Article ยง 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 same amount of money or the same amount philippines photo editor 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 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 loan originator's basic obligation 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.
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