(1) The causes of extin guishment of the receivables under the factoring contract may affect the contractual obligations only if the party that invokes them can provide proof thereof.
(2) Payment as cause of extinguish-
ment shall be tantamount to discharge only if such payment is made between the assigned debtor and the factor and with effect from the date of signature of the subrogation receipt.
(3) Offsetting as cause of extinguish-
ment of the obligations of the factoring contract may apply only where the receivable whose offsetting is disputed
predates the registration of the facto-
ring contract in the Trade and Personal Property Credit Register.
PUBLIQUE DU CAMEROUN 15 mai 2014
Commission.
Official text
Transcription: Machine-parsed
In force from 23-04-2014 (date unconfirmed)Source page 6
Section 14 of the Law n°2014/6 of 23 April 2014 governing factoring in Cameroon/akn/cm/act/loi/2014-04-23/2014-006
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