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Laws › Civil Act › SECTION 7 Debts Payable to Order

Civil Act — Article 515 (Endorsement transferring rights and personal defenses)

민법 제515조

The debtor of a debt payable to order cannot set up against the holder defenses arising from his personal relations with the previous holders; provided, this shall not apply if the holder has knowingly acquired the debt payable to order to the detriment of the debtor.

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