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A loan becomes due (claimable) from the moment that it is lent to the borrower, unless the parties specifically agree otherwise. In a September 2016 judgment the Supreme Court of Appeal held that a loan that was ‘due and payable to the lender within 30 days from the date of delivery of the lender’s written demand’ did not have the effect of delaying prescription to the date of demand for payment. The court held that the…