Droit des affaires

8 important questions on Droit des affaires

What risk does a lender face if the borrower is insolvent?

  • Risk of extending loan duration
  • Lender bears this risk

What law was enacted in Senegal to control interest practices?

  • Law No. 98-33 from 17/04/1998
  • Mentioned in Article 541 COCC

What type of contract is a money loan considered?

  • Requires cash handover
  • Unilateral contract
  • Involves an "interest"
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

What does the contract formation follow?

  • General rules of common law
  • Special interest rate limitations

What does Article 540 COCC specify about interest?

  • Permits stipulating interest for loans
  • Article 542 requires written and notarized agreements

How is interest set in Senegal?

  • By law or party agreement
  • Equals BCEAO discount rate +1%

What is the discount rate of BCEAO in civil matters?

  • 10%
  • Maximum debtor rate is 11% in civil

What is Article 541 COCC's stance on usury?

  • Prohibits concealed high-interest loans
  • Protects against financial exploitation

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo