When a merchant has received an offer to enter into a contract that falls within his/her business types from a person with whom he/she is in regular business transactions, he/she shall send a notice of acceptance or rejection without delay. If he/she has neglected to send such notice, he/she shall be deemed to have accepted the offer.
Laws › Commercial Act › CHAPTER I COMMON PROVISIONS
Commercial Act — Article 53 (Duty of Notification of Acceptance or Rejection of Offer)
상법 제53조
This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.
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