Saturday, November 9, 2013

Claiming a loan early: Exceptions


We have said that one may not claim payment of a debt until the time that was set for payment. However, one who sees that the borrower is liquidating his assets may claim early. Also, where a loan is linked to specific conditions, and the borrower fails to meet those conditions, the lender may claim immediate payment of the debt.

(Pitchei Choshen, Halvaah 3:3-4)

Have a great day,

No comments:

Post a Comment