Zend Avesta Part 03

SR No.: 007673
Original Sutra Author: N/A
Author: L H Mills
Publisher: Oxford
Publication Year: 1887
Total Pages: 2618
Language: English
Classification: Book_English
File Size: 49 MB

Page 1524

XI, 65.
THE LAW OF DEBT.
331
60. When the time fixed (for payment) has elapsed, and the interest has ceased (on becoming equal to the principal), the debtor may either recover his loan or cause a new bond to be written in the form of compound interest.
61. As compound interest is taken on the doubled principal, so does the use of a pledge (become a new principal), the debt together with the interest being considered as the (new) principal.
62. This rule concerns an acknowledged (debt); but (a debtor) denying (his liability) shall be compelled to pay, on the debt being proved in a (judicial) assembly by a document or by witnesses.
63. (A debtor) claiming judicial investigation in a doubtful case, shall never be put under restraint (by the creditor). He who puts under restraint one not liable to such treatment, shall be fined according to law.
64. A debtor who makes a declaration in this form, What may be found to be justly due, that I will pay,' is termed 'one claiming judicial investigation.'
65. When there is a difference of opinion between the two parties regarding the nature (of the loan), or the number or the like, or the amount of) interest,
60. May. p. 110; Col. Dig. I, 6, 255. The new bond is to be one in which the interest is calculated on the interest added to the principal, i. e. on the doubled principal.
61. Ratn. p. 72; Col. Dig. I, 6, 259. The comparison here proposed relates to the case when a pledge for use has been accidentally destroyed, and a new bond is executed, in which the interest is calculated on the principal together with the lost usufruct.
62. Ratn. p. 75; May. p. 110; Col. Dig. I, 6, 160. 63. May. p. 110; Col. Dig. I, 6, 161. 63-65. Ratn. p. 25. 64. May. p. 110; Col. Dig. I, 6, 162.
65. Col. Dig. I, 6, 163. "The nature of the loan,' whether it be gold or silver, &c.; or the like,' such as the pledge given, &c. Ratn.
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