Part Ⅱ Obligations
Chapter II Particular Kinds Of Obligations
Section 1 - Sale
Sub-section 3 Redemption
When in the contract of sale, the seller reserves the right of redemption, he may redeem the object sold on returning the price.
If the price for redemption specified in the preceding paragraph has been fixed by an agreement, such agreement shall be followed.
The interest on the original price and the profits obtained by the buyer from the object sold are deemed to be offset against each other.
The redemption period shall not exceed five years. If a longer period is provided by the contract, it shall be reduced to five years.
The person who redeems shall return the costs of the sale paid by the buyer together with the price of redemption.
Costs of redemption are borne by the person who redeems.
The person who redeems shall return the expenses and other beneficial outlays made by the buyer for the improvement of the object, in so far as the value of the object has been presently increased thereby.
The buyer is bound to the person who redeems to deliver the object sold along with its accessories.
If, owing to circumstances for which the buyer is responsible, the object sold cannot be delivered, or has been obviously altered, the buyer shall be bound to compensate for any injury arising therefrom.