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Civil Act — Article 16 (Withdrawal and refusal rights of other party to person with limited capacity)

민법 제16조

(1) The other party to a contract concluded by a person with limited capacity may withdraw his or her declaration of intention toward the contract until it has been ratified; provided, the same shall not apply where the other party has learned that the latter was a person with limited capacity at the time of concluding the contract.

(2) The other party to a unilateral act done by a person with limited capacity may refuse to comply with the act until it has been ratified.

(3) The declaration of intention of the withdrawal under paragraph (1) or refusal under paragraph (2) may be forwarded to the person with limited capacity.[This Article Wholly Amended on Mar. 7, 2011]

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