Unless it is otherwise expressly agreed, a bottomry loan becomes due immediately upon the termination of the risk, although a term of credit is specified in the contract.
(Enacted by Stats. 1937, Ch. 368.)
Harb. & Nav. Code § 459 — under California Harb. & Nav. Code.
Harb. & Nav. Code § 459
Unless it is otherwise expressly agreed, a bottomry loan becomes due immediately upon the termination of the risk, although a term of credit is specified in the contract.
(Enacted by Stats. 1937, Ch. 368.)