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Article 557Earnest Money

第五百五十七条(手付)

If the buyer pays earnest money to the seller, the buyer may cancel the contract by waiving the earnest money, or the seller may cancel the contract by actually providing the buyer with twice its amount; provided, however, that this does not apply after the counterparty commences performance of the contract.

買主が売主に手付を交付したときは、買主はその手付を放棄し、売主はその倍額を現実に提供して、契約の解除をすることができる。ただし、その相手方が契約の履行に着手した後は、この限りでない。

The provisions of Article 545, paragraph (4) do not apply to the cases referred to in the preceding paragraph.

第五百四十五条第四項の規定は、前項の場合には、適用しない。

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