Either party to a loan for consumption bearing no interest may rescind the contract at any time before the object of a loan for consumption has been delivered to the borrower; provided, if damages have been caused to the other party due to the rescission of the contract, the rescinding party shall be liable to compensate for such damages.
Civil Act — Article 601 (Loan for consumption bearing no interest and right of rescission)
민법 제601조
For AI agents and developers — get this article as JSON, with the English and current Korean effective dates and an outdated-translation flag, from the korea-law API or as an MCP tool:
https://mcp.apify.com?tools=kr-data/korea-law