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Civil Act — Article 552 (Right of peremptory notice as to whether other party exercises right of rescission or not)

민법 제552조

(1) If no period is fixed for the exercise of a right of rescission, the other party may demand of the person entitled to rescission to make a definite answer by fixing a reasonable period as to whether he rescinds the contract or not.

(2) If no notice of rescission has been received within the period mentioned in the preceding paragraph, the right of rescission shall lapse.

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