Book Two: Commercial Obligations and Contracts · Part Two: Commercial Sale · Chapter two: Certain types of Commercial Sales: Section one: Sale by Installment: Article (111)
An agreement that the full price shall fall due, in case one of the installments is not paid on the maturity date, shall take effect only if the buyer fails to pay even though notice is served and (7) seven days have lapsed from the date of such notice.
Interpretation and application must be checked against the official text and current version.
