(1) In cases falling under the preceding Article, the buyer shall, even though he/she has rescinded the contract, keep or deposit the subject matter of the sale at the seller's expense: Provided, That if the subject matter is likely to be lost or damaged, he/she shall, with the permission of a court, sell it by auction and keep or deposit the proceeds therefrom. <Amended by Act No. 3724, Apr. 10, 1984>
(2) When the buyer holds a public auction in accordance with the provisions of the preceding paragraph, he/she shall give a notice thereof to the seller without delay. <Amended by Act No. 3724, Apr. 10, 1984>
(3) If the place for delivery of goods at issue is in the same Special Metropolitan City, Metropolitan City or Si/Gun as the business office or domicile of the seller, the provisions of paragraphs (1) and (2) shall not apply. <Amended by Act No. 5053, Dec. 29, 1995>