Neither shall the vendor be obliged to deliver the thing sold when a delay or time for payment may have been agreed upon, and it should be discovered after the sale that the vendee is insolvent to such a degree that the vendor is in imminent danger of losing the price.\nFrom this rule is excepted the case in which the vendee gives security for the payment within the time agreed upon.\nHistory —Civil Code, 1930, § 1356.
Puerto Rico Legal Code