California Harbors and Navigation Code 459 – Unless it is otherwise expressly agreed, a bottomry loan becomes due …
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Unless it is otherwise expressly agreed, a bottomry loan becomes due immediately upon the termination of the risk, although a term of credit is specified in the contract.
(Enacted by Stats. 1937, Ch. 368.)
Terms Used In California Harbors and Navigation Code 459
- Contract: A legal written agreement that becomes binding when signed.