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Laws › Civil Act › Sub-Section 3 Rescission for the Future and Rescission of Contract

Civil Act — Article 548 (Effect of rescission and restitutio in integrum)

민법 제548조

(1) If one of the parties has rescinded the contract, each party shall be liable to restore his or her other party to his or her original position; provided, the rights of third persons shall not be prejudiced thereby.

(2) Interest shall be paid upon any money to be repaid in the case mentioned in the preceding paragraph as from the day on which such money has been received.

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