Subject to a clause or customized to the contrary, the price is payable at the time when the delivery of the factor bought is made. When the purchaser has given discover to the vendor of the defect in the factor in due time, he might be entitled to convey an motion on the guarantee in accordance with Article 411. When the purchaser has taken supply of the thing sold, he shall confirm its condition as soon as he’s able to do so in accordance with frequent utilization. If he discovers a defect for which the seller is answerable, he should give an inexpensive discover thereof to the seller, failing which he might be deemed to have accepted the thing sold. However, the purchaser’s proper shall be restricted to recovery of the worth and all of the expenses if the vendor proves that he was not conscious of the dispossession at the time of sale.
A companion who has undertaken to contribute a sum of cash and who does not pay this sum to the company shall be liable for fee of the worth of his contribution on the mounted date; and in addition shall be responsible for fee of compensation arising from such delay. In all instances, the terms of the memorandum of association shall be relevant to the liquidation of the company for which a nullity judgement is delivered and to the settlement of the partners’ rights in direction of each other. However, such invalidity shall not be pleaded … Read More