Hi,
If a date for re-payment of a debt is not set, the default halachic assumption is that the loan is for a thirty-day period. However, where local practice sets a different default period, this is the period that the lender and borrower should follow.
(Pitchei Choshen Halvaah 3:5, and footnote 12)
Have a great day,
Mordechai
Sunday, November 10, 2013
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