Section 477: Matters to be set out in deed

In carrying on a transaction, the following matters shall be set out in the deed according to the nature of the transaction:

(a) Name, surname, age, and address of each person involved in the transaction, and the name of his or her father, mother, grandfather, and grandmother,

Provided that in the case of a married person, the name of his or her husband or wife, as the case may be, shall also be mentioned.

(b) Reason for transaction,

(c) Volume of transaction,

(d) In the case of the transaction of any good, the price of such goods,

(e) In the case of exchange of any goods by way of borrowing, loan, or otherwise, the matter to that effect,

(f) Details of the goods, if any, exchanged,

(g) Date for repayment of the transacted amount,

(h) Rate of interest, if any, payable on the transaction,

(i) Matter that the creditor may recover the amount involved in the transaction from the borrower’s assets in the event of failure to repay such amount within the specified time or to fulfill the other conditions set forth in the deed,

(j) Place of the deed executed,

(k) Date of the deed executed,

(l) Such other matters as required to be set out according to the nature of the transaction.