reglab/statecodes huggingface dataset:
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter I - Agents (§§ 1521 — 1557) › § 1552 - Transportation contract

An agent who as such is to forward merchandise to another point, shall make the transportation contract, complying with the obligations which are imposed on shippers in land and maritime shipments.
Should he make the contract for transportation in his own name when he is acting for another, he shall be liable to the carrier for all the obligations imposed on shippers in land and maritime shipments.
History —Commerce Code, 1932, § 193.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter I - Agents (§§ 1521 — 1557) › § 1553 - Liability of merchandise on consignment for fees; consequences

Merchandise forwarded on consignment shall be understood as specially bound to the payment of the commission fees, advances, and expenses he may have made on account of its value or proceeds.
As a consequence of this obligation:
(1) No agent can be dispossessed of the merchandise he receives on consignment until he is previously reimbursed for his advances, expenses, and commission charges.
(2) The agent must be paid from the proceeds of said merchandise, or must be preferred over the other creditors of the principal, with the exception of the provisions of § 293 of this Code.
In order to enjoy the preference mentioned in this section, it shall be a necessary condition that the merchandise be in the possession of the consignee or agent, or that it is at his disposal in a public store or warehouse, or that the shipment was made consigned to his name, the bill of lading, stub, or transportation contract signed by the carrier having been received.
History —Commerce Code, 1932, § 194.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter I - Agents (§§ 1521 — 1557) › § 1554 - Payment of commission

The principal shall be obliged to pay the agent the commission premium, unless there is an agreement to the contrary.
Should there be no agreement with regard to the brokerage, it shall be fixed in accordance with the commercial practices and customs of the market where the commission is fulfilled.
History —Commerce Code, 1932, § 195.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter I - Agents (§§ 1521 — 1557) › § 1555 - Payment of commission—Expenses and disbursements

The principal shall furthermore be obliged to pay the agent in cash, after receiving a proper account, for his expenses and disbursements, with legal interest from the day they took place until they have been fully repaid.
History —Commerce Code, 1932, § 196.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter I - Agents (§§ 1521 — 1557) › § 1556 - Revocation of commission

The principal may revoke the commission intrusted to an agent at any stage of the transaction, advising him thereof, but always being liable for the result of the transactions which took place before the latter was informed of the revocation.
History —Commerce Code, 1932, § 197.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter I - Agents (§§ 1521 — 1557) › § 1557 - When rescinded

A contract shall be rescinded by the death of the agent or by his incapacity; but it shall not be rescinded by the death or incapacity of the principal, although it may be revoked by his representatives.
History —Commerce Code, 1932, § 198.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1571 - Appointment of general or special agents

A merchant may constitute general or special attorneys or agents for the purpose of transacting business in his name and for his account in whole or in part, or for the purpose of assisting him therein.
History —Commerce Code, 1932, § 199.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1572 - Qualifications of factors

A factor must have the qualifications necessary to obligate himself in accordance with this Code, and a power of attorney from the person in whose name he transacts the business.
History —Commerce Code, 1932, § 200.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1573 - Manager, when legally considered as factor

The manager of an enterprise or manufacturing or commercial establishment for the account of another, authorized to administer it, direct it, and to transact business relating thereto, with more or less power, as the owner may have considered advisable, shall have the legal qualifications of a factor, and the provisions contained in this section shall be applicable to him.
History —Commerce Code, 1932, § 201.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1574 - Duties of factors

Factors shall transact business and make contracts in the names of their principals, and in all instruments which they subscribe as such they shall state that they do so by virtue of a power of attorney or in the name of the person or association they represent.
History —Commerce Code, 1932, § 202.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1575 - Effect of obligations contracted by

When factors transact business in the manner prescribed in the foregoing article, the obligations they may contract shall be binding upon their principals.
Any action to compel them to fulfill such obligations shall be brought against the property of the principal’s establishment or enterprise and not against the property of the factors, unless it is confused with that of the former.
History —Commerce Code, 1932, § 203.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1576 - Effect of contract made by factor

Contracts made by the factor of a manufacturing or commercial establishment or enterprise, when it is common knowledge that he belongs to a well-known enterprise or association, shall be understood as made for the account of the owner of such enterprise or association, even though the factor shall have failed to mention this fact at the time of making the contract; or that a breach of trust, transgression of powers, or appropriation of the goods, which are the subject of the contract is alleged, provided these contracts involve objects included in the transactions or business of the establishment, or if, not being of this kind, it should be proven that the factor acted according to orders from his principal, or that the latter approved his action in express terms or by positive acts.
History —Commerce Code, 1932, § 204.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1577 - Effect of contract made by factor—In his own name

A contract made by a factor in his own name shall bind him directly with respect to the person with whom it was made; but if the transaction was made for the account of the principal, the other contracting party may bring his action against the factor or against the principal.
History —Commerce Code, 1932, § 205.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1578 - When forbidden to transact business on their own account

Factors cannot transact business for their own account, nor interest themselves in their own name or in that of another person, in negotiations of the same character as those they are engaged in for their principals, unless the latter expressly authorized them so to do.
Should they negotiate without this authorization, the profits of the negotiation shall be for the principal and the losses for the account of the factor.
If the principal has granted the factor authorization to transact business for his own account or together with other persons, the former shall not be entitled to the profits, nor shall he participate in the losses which may be suffered.
If the principal has interested the factor in any transaction in the absence of an agreement to the contrary the participation of the latter in the profits shall be in proportion to the capital he may have contributed; and should he not have contributed any capital, he shall be considered a working partner.
History —Commerce Code, 1932, § 206.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1579 - Fines imposed on factors

Fines imposed upon a factor by reason of violations of the fiscal laws and regulations of the public administration in his management as factor shall be immediately enforced against the property he manages, without prejudice to the right of the principal against the factor for his guilt in the acts which gave rise to the fine.
History —Commerce Code, 1932, § 207.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1580 - Force of powers of attorney to factor

The powers of attorney granted a factor shall be considered in force until they are expressly revoked, notwithstanding the death of the principal or of the person from whom they were received in due form.
History —Commerce Code, 1932, § 208.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1581 - Validity of acts and contracts of factors

The acts and contracts made by the factor shall be valid with respect to his constituent, provided they are prior to the time the former is informed by proper means of the revocation of the powers of attorney or of the alienation of the establishment.
They shall also be valid with regard to third persons, until the provisions of subsection (6) of § 1036 of this title have been fulfilled, with regard to the revocation of powers of attorney.
History —Commerce Code, 1932, § 209.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1582 - Management of other than factors

Merchants may [entrust] to other persons besides factors the constant management, in their name and for their account, of one or more of the branches of the business in which they are engaged by virtue of a written or verbal agreement, associations including such agreements in their bylaws, and private parties making them known by public notices or by means of circulars to their correspondents.
The acts of these special employees or agents shall only bind the principal with regard to transactions which are usual to the branch of business which has been intrusted to them.
History —Commerce Code, 1932, § 210.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1583 - Commercial shop clerks

The provisions of the foregoing section shall also be applicable to commercial shop clerks who are authorized to manage a commercial transaction or some branch of the business of their principal.
History —Commerce Code, 1932, § 211.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1584 - Validity of receipts given by

Shop clerks [entrusted] with selling at retail in a public store shall be considered authorized to collect the amounts of the sales they may effect, and their receipts shall be valid, being issued in the name of the principal.
The same power shall be enjoyed by shop clerks who sell in wholesale stores, provided the sales are for cash and that the payment therefor is made in the store; but when the collections are to be made outside of the same, or when they proceed from sales made on time, the receipts must necessarily be signed by the principals or by their factors, or by an agent legally authorized to make collections.
History —Commerce Code, 1932, § 212.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1585 - Receipt of merchandise by

When a merchant [entrusts] a shop clerk with the receipt of merchandise and the latter receives it without making any remarks with regard to its quantity or quality, its reception shall have the same effects as though received by the principal.
History —Commerce Code, 1932, § 213.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1586 - Delegation of powers forbidden

Without the consent of their principals, neither factors nor shop clerks of commerce may delegate to others the commissions they receive from the former; and should they do so without such consent, they shall be directly responsible for the actions of the substitutes and for the obligations contracted by them.
History —Commerce Code, 1932, § 214.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1587 - Liability of factors, etc., for damages done by them

Factors and shop clerks of commerce shall be liable to their principals for any damage they may cause their interests by reason of having proceeded in the discharge of their duties with malice, negligence, or in violation of the orders or instructions they may have received.
History —Commerce Code, 1932, § 215.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1588 - Reimbursement of extraordinary expenses

If, by reason of the service he is rendering, a shop clerk should incur some extraordinary expense or should suffer some loss regarding which there was no express agreement between him and his principal, the latter shall indemnify him for the loss suffered.
History —Commerce Code, 1932, § 216.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1589 - When contract between merchants and employees is made for a fixed period

If the contracts between merchants and their shop clerks and employees should have been made for a fixed period, none of the contracting parties may discontinue the performance of the obligations assumed without the consent of the other, until the termination of the period agreed upon.
Persons violating this clause shall be subject to indemnify the loss and damage suffered, except in the cases provided for in the following sections.
History —Commerce Code, 1932, § 217.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1590 - Causes for discharge of employees

The following shall be special reasons for which principals may discharge their employees, even though the time of service of the contract has not elapsed:
(1) Fraud or breach of trust in the business intrusted to them.
(2) The transaction of some commercial business for their own account without the express knowledge, consent and permission of the principal.
(3) Gross disrespect and lack of consideration for the principal or members of his family or establishment.
History —Commerce Code, 1932, § 218.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 77 - Commercial Commission (§§ 1521 — 1591) › Subchapter II - Other Forms of Commercial Commissions—Factors, Employees, and Shop Clerks (§§ 1571 — 1591) › § 1591 - Causes for leaving service of employers

The following shall be reasons for which employees may leave the service of their principals, even though the time of their contract of service has not expired:
(1) Nonpayment of the salary or remuneration agreed upon at the times fixed.
(2) Noncompliance with any of the other conditions agreed upon in favor of the employee.
(3) Bad treatment or serious offenses on the part of the principal.
History —Commerce Code, 1932, § 219.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1621 - Commercial deposits, defined

In order that a deposit may be considered commercial, it is necessary:
(1) That the depositor, at least, be a merchant.
(2) That the wares deposited be commercial objects.
(3) That the deposit constitute in itself a commercial transaction, or be made by reason of commercial transactions.
History —Commerce Code, 1932, § 221.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1622 - Compensation

The depositary shall have a right to demand compensation for the deposit, unless there is an express agreement to the contrary.
If the contracting parties have not fixed the amount of the compensation, it shall be determined according to the current rates in the locality where the deposit was made.
History —Commerce Code, 1932, § 222.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1623 - How consummated

The deposit shall be consummated by the delivery to the depositary of the article in question.
History —Commerce Code, 1932, § 223.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1624 - Care of deposit

The depositary is obliged to preserve the article deposited in the manner he receives it, and return it with its increase, should there be any, when the depositor request it of him.
In the preservation of the deposit the depositary shall be liable for the injury and damage the articles deposited may suffer by reason of his malice or negligence, and also for those arising from the nature or defects of the articles, if he should not in the latter cases personally have done all that was possible in order to avoid or remedy them, furthermore notifying the depositor immediately upon the appearance of such conditions.
History —Commerce Code, 1932, § 224.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1625 - Increase or reduction when deposit of cash

When the deposits consist of cash with a specification of the currency constituting the same, or when they are delivered, sealed, or closed, the increase or reduction in value suffered by the same shall be for the account of the depositor.
The risks of such deposits shall be run by the depositary, and he shall also be liable for any injury they may suffer unless he proves that they were caused by force majeure or by an unavoidable accidental cause.
When the deposits of cash are made without a specification of the currency or without being closed or sealed, the depositary shall be liable for its preservation and risks in the manner established in the second paragraph of § 1624 of this title.
History —Commerce Code, 1932, § 225.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1626 - Collection of interest

The depositaries of bonds, securities, certificates or instruments bearing interest, unless there is an agreement to the contrary, shall collect the interest when due, and shall take all such steps as may be necessary to preserve the value and the rights corresponding to said deposited property under the law.
History —Commerce Code, 1932, § 226.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1627 - Effect of disposal of deposit

Whenever, with the consent of the depositor, the depositary disposes of the articles on deposit either for himself or for his business, or for transactions intrusted to him by the former, the rights and obligations of the depositary and of the depositor shall cease, and the rules and provisions applicable to the commercial loans, commission, or contract which took the place of the deposit shall be observed.
History —Commerce Code, 1932, § 227.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 79 - Commercial Deposit (§§ 1621 — 1628) › § 1628 - Deposits with banks, warehouses, etc

Deposits made with banks and with corporations or individuals owning warehouses, shall be governed, in the first place, by the provisions of the bank and warehouse laws, respectively; secondly, by the provisions of this Code; and lastly, by such rules of the common law as may be applicable to deposits in general.
History —Commerce Code, 1932, § 228.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1651 - Conditions

A loan shall be considered commercial when the following conditions are present:
(1) That one of the contracting parties is a merchant.
(2) When the articles loaned are destined to commercial transactions.
History —Commerce Code, 1932, § 229.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1652 - Repayment of loan of money

If the loan consists of money, the debtor shall pay it by returning an amount equal to that received, in accordance with the legal value the money may have at the time of return, unless there was an agreement with regard to the kind of money in which the payment was to be made, in which case the fluctuations in value shall be lost or taken advantage of by the lender.
In loans of bonds or securities the debtor shall pay by returning the same number of the same kind and same conditions, or their equivalents if the former have been done away with, unless there is an agreement to the contrary.
If the loans are in kind the debtor must return, unless there is an agreement to the contrary, a similar amount in the same kind, and quality, or its equivalent in cash if the kind due should be done away with.
History —Commerce Code, 1932, § 230.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1653 - Payment of loan for indefinite period

In loans for an indefinite period, or in which no due time has been fixed, payment cannot be demanded of the debtor until thirty days have elapsed, to be counted from the date of the notarial demand which may have been made.
History —Commerce Code, 1932, § 231.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1654 - Interest on loans

Loans shall not draw any interest unless there is an agreement in writing to that effect.
History —Commerce Code, 1932, § 232.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1655 - Rate of interest

Interest on loans may be agreed upon within the limitations established by law. Bottomry and respondentia contracts are excepted from this provision. In such contracts there shall be no limitation as regards interest.
Any charge agreed upon in favor of the creditor shall be considered as interest.
History —Commerce Code, 1932, § 233.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1656 - Interest on delay

Debtors who delay the payment of their debts after the same have fallen due, must pay, from the day following that on which it became due, the interest agreed upon in such case, or in the absence of such agreement, the legal interest.
If the loan is in kind, in order to compute the interest, its value shall be graduated by the prices of the merchandise loaned in the locality in which the return is to be made, on the day following that on which it falls due, or by the value fixed by experts if the merchandise should no longer exist at the time its appraisement is to be made.
And if the loan consists of bonds or securities, the interest, by reason of delay in repayment, shall be that earned by such securities or bonds, or in the absence thereof, the legal rate of interest, the value of the securities being determined by their price on exchange, if they are subject to quotation, or at their current prices on the day following that on which they fall due.
History —Commerce Code, 1932, § 234.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1657 - Interest on interest

Interest which has fallen due and has not been paid shall not earn interest. The contracting parties may, however, capitalize the net interest which has not been paid, which, as new principal, shall earn interest.
History —Commerce Code, 1932, § 235.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1658 - Effect of receipt of principal by creditor as regards to interest; application of partial payments

The receipt of the principal by the creditor without an express reservation of the right to the interest agreed upon or due shall extinguish the obligation of the debtor with regard to the same.
Payments on account, when there is no express stipulation with regard to their application, shall first be applied to the payment of interest as it falls due and then to the principal.
History —Commerce Code, 1932, § 236.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter I - Commercial Loans (§§ 1651 — 1659) › § 1659 - Addition of interest after action brought

After an action has been brought the accrued interest cannot be added to the principal for the purpose of demanding greater interest.
History —Commerce Code, 1932, § 237.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter II - Loans Guaranteed by Public Securities (§§ 1671 — 1675) › § 1671 - Loans secured by collateral

A loan with a guaranty of securities quoted on exchange, contained in an instrument with the intermediation of licensed agents, shall always be considered commercial.
The lender shall have, on the public bonds or securities pledged in accordance with the provisions of this section, a right to collect his credit with preference over other creditors, who cannot deprive him of the possession of the securities unless they satisfy the loan made on the same.
History —Commerce Code, 1932, § 238.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter II - Loans Guaranteed by Public Securities (§§ 1671 — 1675) › § 1672 - Rights of preference

The rights of preference, treated of in § 1671 of this title, shall only be had on the same securities which constituted the guaranty; for which purpose, if said guaranty consisted of instruments payable to bearer, their numbers shall be stated in the instrument constituting the contract, and if it consists of stock or transferable securities, the transfer shall be made to the lender, stating in the instrument besides the circumstances necessary to prove the identity of the guaranty, that the transfer does not include the conveyance of ownership.
History —Commerce Code, 1932, § 239.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter II - Loans Guaranteed by Public Securities (§§ 1671 — 1675) › § 1673 - Deposit of securities

At the will of the persons interested instead of the numeration of securities payable to bearer, they may be deposited in the public establishment determined in the exchange regulations.
History —Commerce Code, 1932, § 240.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter II - Loans Guaranteed by Public Securities (§§ 1671 — 1675) › § 1674 - Sale of securities, when

After the period for which the loan was contracted has expired, the creditor, unless there was an agreement to the contrary, and without necessity of notifying the debtor, shall be authorized to request the alienation of the securities, for which purpose he shall present them, with the instrument constituting the loan, to the board of directors, which, after finding their numeration correct, shall dispose of a sufficient amount thereof through a licensed agent, on the same day if it be possible, and otherwise on the next.
A lender can only make use of the said right during the hours of the exchange of the day following that on which the debt fell due.
History —Commerce Code, 1932, § 241.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 81 - Commercial Loans (§§ 1651 — 1675) › Subchapter II - Loans Guaranteed by Public Securities (§§ 1671 — 1675) › § 1675 - When securities to be returned

Securities which are quoted on exchange, payable to bearer, pledged in the manner fixed in the foregoing sections, shall not be subject to return until the lender has been reimbursed, without prejudice to the rights and actions of the dispossessed owner against the persons liable according to the laws, for the acts by virtue of which he has been deprived of the possession and ownership of the securities given as a guaranty.
History —Commerce Code, 1932, § 242.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1701 - Commercial purchase and sale, defined

A purchase and sale of personal property for the purpose of resale, either in the form purchased or in a different form, for the purpose of deriving profit in the resale, shall be considered commercial.
History —Commerce Code, 1932, § 243.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1702 - Items not considered commercial

The following cannot be considered commercial:
(1) The purpose of goods destined for the consumption of the purchaser or of the person for whom they are bought.
(2) Sales made by owners and by farmers or cattlemen of the fruits or products of their crops or cattle, or of the goods in which their rents are paid them.
(3) Sales made by artisans in their workshops of the articles constructed or manufactured by them.
(4) The resale made by any person who is not a merchant, of the remainder of the stock laid in for his own consumption.
History —Commerce Code, 1932, § 244.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1703 - Sale by samples

If a sale is made by samples or by fixed quality known to commerce, the purchaser shall not refuse to receive the goods contracted for, provided they conform to the sample or to the quality previously stated in the contract.
In case the purchaser refuses to receive said goods, experts shall be appointed by the parties, and said experts shall decide as to whether or not the goods are receivable.
Should the experts decide that the goods are receivable, the sale shall be considered as consummated. Otherwise, the contract shall be rescinded without prejudice to such indemnity as the buyer may be entitled to.
If either of the parties refuses to appoint an expert or unwarrantedly delays such appointment, the other party, on the expiration of the term agreed upon, or, if there is no agreement, after a reasonable term fixed by notarial requisition, may request such judicial authority as may be competent to designate one or more experts whose decision shall be final for the purposes of the preceding paragraph.
History —Commerce Code, 1932, § 245.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1704 - Purchase of unseen goods

In the purchase of unseen goods or goods that cannot be classified according to a fixed quality known to commerce, it shall be understood that the purchaser reserves the privilege of examining such goods and of freely rescinding the contract if the goods do not suit him.
The purchaser shall also have the right to rescind the contract if by express agreement he reserves to himself the right to test the goods contracted for.
The purchaser shall make his decision within the term agreed upon, or, if there is no agreement, in such reasonable term as the seller may determine by requisition on the buyer, after the latter has had an opportunity to examine or test the goods, as the case may be.
Disposal of all or of part of the goods by the purchaser as the owner thereof, shall be equivalent to his tacit and irrevocable acceptance thereof and to the consummation of the contract.
History —Commerce Code, 1932, § 246.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1705 - Failure to deliver on time

If the vendor does not deliver the goods sold at the time stipulated, the purchaser may request the fulfillment or the rescission of the contract, with damages in either case for the loss he may have suffered by reason of the delay.
History —Commerce Code, 1932, § 247.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1706 - Amount receivable in contracts in which delivery of certain amount is stipulated

In contracts in which the delivery of a certain amount of merchandise is stipulated within a certain time, the purchaser shall not be obliged to receive part of said amount even on the promise of delivering the balance; but if he accepts the partial delivery the sale shall be consummated with regard to the goods received, reserving the right of the purchaser to demand for the rest the fulfillment of the contract or its rescission, in accordance with § 1705 of this title.
History —Commerce Code, 1932, § 248.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1707 - Damage to goods before delivery

The loss or impairment of the goods before their delivery, on account of unforeseen accidents or without the fault of the vendor, shall entitle the purchaser to rescind the contract, unless the vendor has constituted himself the depositary of the merchandise, in accordance with § 1715 of this title, in which case his liability shall be limited to that arising by reason of the deposit.
History —Commerce Code, 1932, § 249.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1708 - Refusal to receive without good cause

If the purchaser refuses without just cause to receive the goods bought, the vendor may demand the fulfillment or rescission of the contract, depositing the merchandise in court in the first case.
The same judicial deposit may be made by the vendor whenever the purchaser delays in taking charge of the merchandise.
The expenses arising from the deposit shall be defrayed by the person who caused the deposit to be made.
History —Commerce Code, 1932, § 250.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1709 - Damage to goods after contract consummated

The damages and impairment suffered by merchandise after the contract has been consummated and the vendor has the goods at the disposal of the purchaser in the place and at the time agreed upon, shall be suffered by the purchaser, except in cases of carelessness or negligence on the part of the vendor.
History —Commerce Code, 1932, § 251.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1710 - Vendor liability for damage

The damages and impairment suffered by merchandise, even though it be by reason of an accidental case, shall be for the account of the vendor in the following cases:
(1) If the sale took place by number, weight, or measure, or if the article sold is not fixed and determined, with marks and signs which identify it.
(2) If by reason of an express agreement or the usages of commerce, in view of the nature of the article sold, the purchaser has the privilege to previously examine and investigate it.
(3) If the contract contains a clause to the effect that the delivery is not to be made until the article sold has acquired the conditions stipulated.
History —Commerce Code, 1932, § 252.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1711 - Return of price received, when

If the merchandise sold should perish or deteriorate and said loss is to be suffered by the vendor, he shall return to the purchaser the amount of the price he may have received.
History —Commerce Code, 1932, § 253.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1712 - When action does not lie; right of action on account of defects

A purchaser who, at the time of receiving the merchandise carefully examines the same, shall have no right of action against the vendor, alleging a defect in the quantity or quality of the merchandise.
A purchaser shall have a right of action against vendor for defects in the quantity or quality of merchandise received in bales or packages, provided he brings his action within the four days following its receipts, and that the average is not due to accident or to the nature of the merchandise or to fraud.
In such cases the purchaser may choose between the rescission of the contract or its fulfillment in accordance with what has been agreed upon, but always with the payment of the damages he may have suffered by reason of the defects or faults.
The vendor may avoid this claim by demanding when making the delivery that the merchandise be examined fully by the purchaser with regard to the quantity and quality thereof.
History —Commerce Code, 1932, § 254.
2023 Laws of Puerto Rico › TITLE TEN - Commerce (§§ 1 — 4196) › Subtitle 2 - Commerce Code (§§ 1001 — 1950) › PART II - Commercial Contracts (§§ 1301 — 1867) › Chapter 83 - Commercial Purchase and Sale and Exchange, and Transfer of Nonnegotiable Credits (§§ 1701 — 1742) › Subchapter I - Purchase and Sale (§§ 1701 — 1721) › § 1713 - Delivery when time not stipulated

If the period for the delivery of the merchandise sold has not been stipulated, the vendor must have it at the disposal of the purchaser within twenty-four hours after the contract is made.
History —Commerce Code, 1932, § 255.