Peruvian Securities Act

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9. A GENERAL LAW OF WARRANTIES REDUCE THE COST OF TRANSACTION The transaction costs include information costs so we can say that when a subject that is difficult to revise the law in transaction costs are high. Conversely when a matter is easy to review by people who want to access them, transaction costs are reduced. Therefore we can say that having met the securities covered by positive law in a standard called Peruvian Securities Act, information costs are reduced, in the same direction is necessary to group all the guarantees in a single standard to information costs in that area are reduced. 10.

ATTENDANCE OF WARRANTIES must point out that when contracts are concluded that merit the creation of a security sale as buying deadlines and leasing of vehicles, not only a security but also can provide various guarantees, ie, the fulfillment of a contract can be secured with one or more guarantees. For example, a purchase contract vehicle deadlines can be guaranteed by the Registration of vehicle ownership, with the conclusion of a contract of guarantee and the establishment of a real right of mortgage. To ensure compliance with an obligation may also be considered valid multiple mortgages on several properties. Whenever there is an installment sales contract of a vehicle can be a valid property right mortgage and Registration of Vehicle Ownership. In this sense when it comes to concurrency guarantees we can refer to three cases are: for good reason, because of the individual and combined scenarios.