Cap. 13 Art. 117Implied resolutive condition.

In commercial contracts, the implied resolutive condition referred to in article 1068 of the Civil Code produces the dissolution of the contract and it shall not be lawful for ipso jure, the court to grant to the defendant a time for clearing the delay: Provided that this article shall not apply to contracts of letting of immovable property or to contracts of emphyteusis or to contracts the dissolution whereof, in the event of failure by one of the parties to fulfil his engagements, is specially regulated by law.