PART IV Audit Section. 1208. The auditors may be shareholders of the company; but no person is eligible as an auditor who is interested otherwise than as a shareholder in any transaction of the company, […]
CHAPTER III LIMITED PARTNERSHIPS Section 1077 A limited partnership is a partnership where: One or more partners have limited liability, contributing only up to a specified amount. One or more partners have unlimited liability for […]
TITLE XXII PARTNERSHIPS AND COMPANIES CHAPTER I GENERAL PROVISIONS Section 1012 A contract for the organization of a partnership or company is a contract whereby two or more persons agree to unite for a common […]
CHAPTER III PROMISSORY NOTES Section 982 Promissory Note A promissory note is a written instrument in which one person, called the issuer of the note, promises to pay a certain amount of money to another […]
TITLE XXI BILLS CHAPTER I GENERAL PROVISIONS Section 898 Bills, within the meaning of this Code, are of three kinds, namely: bills of exchange, promissory notes, and cheques. Section 899 If matters not provided for […]
TITLE XVI BROKERAGE Section 845 A person who agrees to pay remuneration to a broker for indicating the opportunity for the conclusion of a contract, or for procuring a contract, is liable to pay the […]
TITLE XV AGENCY CHAPTER I GENERAL PROVISIONS Section 797 Agency is a contract whereby a person, called the agent, has authority to act for another person, called the principal, and agrees to act accordingly. Agency […]
TITLE XIII PLEDGE CHAPTER I GENERAL PROVISIONS Section 747 A pledge is a contract whereby a person, called the pledgor, delivers to another person, called the pledgee, a movable property as security for the performance […]
TITLE XI SURETSHIP Chapter I General Provisions Section 680 Suretyship is a contract whereby a third person, called the surety, binds himself to a creditor to satisfy an obligation in the event that the debtor […]
CHAPTER III DUTIES OF THE BUYER Section 486 The buyer is bound to take delivery of the property sold and to pay the price in accordance with the terms of the contract of sale. Section […]
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