Cap. 16 · Civil Code (Cap. 16)
Cap. 16 Art. 1434When buyer is bound to pay interest.
Sub-title V
The buyer, even though there be no agreement to that effect, is bound to pay interest on the price up to the day of payment at the rate of five per cent per annum, indiscriminately in the following cases:
(a) if the thing sold and delivered yields fruits or other profits;
(b) if, even though the thing yields no fruits or other profits, he has been called upon by means of a judicial intimation to pay the price;
(c) if the delivery of the thing, being movable, has not taken place through the fault of the buyer, and the seller has called upon him, by means of a judicial intimation, to take delivery of the thing: Provided that in the cases mentioned in paragraphs (b) and (c), interest shall run only from the day of the service of the said judicial intimation.