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Library Ethics Greater Sins Chapter 28 Usurping the Rights of Others or ... Loan for a fixed period and loan without time limit
Library Ethics Greater Sins Chapter 28 Usurping the Rights of Others or ... Loan for a fixed period and loan without time limit
Loan for a fixed period and loan without time limit
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Loan for a fixed period and loan without time limit
Loans are of two types. One that is not bound by a time limit or when the date of payment has already expired. The other type of loan has a fixed time for repayment. The creditor cannot demand the loaned property before the due date. If the loanee dies all debts owed by him become due immediately. For example if a person has borrowed something for a year, but dies before the end of the year, his heirs must pay his loan immediately. It is no excuse that the time of payment has not come. But if the creditor dies his heirs do not have the right of demanding the loan before time.
