SUMMARY OF THE ARTICLE 1.- What revolving credit cards are and why they can generate indefinite debt. It is a Rotating credit that allows drawing up to a limit through small monthly instalments that renew automatically. Danger: these instalments barely amortize capital while interest compounds permanently, generating indefinite debt. 2.- First avenue: nullity for excessive […]
SUMMARY OF THE ARTICLE 1.- The real charge over the property. When purchasing a property under horizontal property regime, the property becomes subject to the payment of the general expenses owed by the seller to the community. This liability, governed by Article 9.1.e) of the Horizontal Property Law, is subject to a time limit: the […]
SUMMARY OF THE ARTICLE 1. What an excessive gift is and when it may affect inheritance In Spain, a gift is considered excessive when its value exceeds what the donor could freely dispose of without affecting the forced heirship rights of their heirs. This limitation is set out in sections 636 of the Civil Code. […]
