3. When does a debt become due and payable by a debtor?
The due date for payment will be determined in terms of the specific agreement and if no specific due date was specified a reasonable time will apply, subject to the merits of the matter.
Once the debtor breach the provisions of the agreement by failing, neglecting and/or refusing to comply with his duty or obligation in term of the repayment of the money to the creditor, the debtor the debt will become due and payable subject to the provisions of the agreement and the applicable legislation.
