Art. 116 Payment. — COMMERCIAL CODE

Where the money expressed in a contract is not legal

tender in Malta and the exchange thereof is not stated, payment

may be made in the money of the country according to the rate of

exchange at sight at the due date and at the place fixed for the

performance of the obligation, and, if there is not at such place a

course of exchange, according to the rate of exchange in the nearest

market, unless the clause "in cash" or an equivalent clause is

contained in the contract.

← Art. 115 Co-debtors jointly and severally liable. COMMERCIAL CODE Art. 117 Implied resolutive condition. →