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Art. 158
A. Earnest and forfeit money 1 Earnest money paid on entering into a contract is deemed a mark of the party’s intention to honour the contract rather than a forfeit. 2 Unless otherwise stipulated by agreement or local custom, the earnest money is retained by the recipient without being deducted from his claim. 3 Where a sum of forfeit money has been agreed, the party that paid the sum may withdraw from the contract by relinquishing it and the party that received it by returning twice the amount. |