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Laws › Civil Act › SECTION 5 Assumption of Obligation

Civil Act — Article 454 (Assumption of obligation by contract with obligor)

민법 제454조

(1) Where a third person has taken over a debt by contract entered with the obligor, it shall be effective as from the time when the obligee has given consent thereto.

(2) The other party to whom the obligee's consent or refusal shall have effect upon, shall be the obligor or a third person.

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