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Article 707 Exchange of Goods




Article 706. Price and Payment for Goods

Article 699. Public Offer to Conclude a Sales Contract

1. Offer of goods in commercial, catalogues and other specifications of the goods addressed to an indefinite circle of persons shall be a public offer to conclude an agreement, provided it contains all the significant provisions of the contract.

2. Exhibition of goods, demonstration of their samples or providing information about goods (specifications, catalogues, photos etc.) at the sales places shall be public offer to conclude a contract, irrespective of the price and other significant provisions of a sales contract are specified, except for the cases when the seller specifies expressly that the respective goods are not designated for sale.

1. The buyer shall be obliged to pay for the goods at a price announced by the seller at the moment of the agreement conclusion unless otherwise is established by the law or results from the essence of the obligation.

2. If the agreement determines a prepayment for the goods (Article 693 of this Code) a delay in payment for the goods shall be the buyer’s rejection the agreement, unless otherwise is established by the agreement.

3. Provisions of the first paragraph, part five of Article 694 of this Code shall not be applicable to a retail sales contract on credit, including with payment by installments.

4. The buyer shall be entitled to pay for the goods in full any time within the limits for payment in installments established by the agreement.

1. The buyer shall be entitled within fourteen days since the day of non-food goods of improper

quality transfer to him to exchange them for the similar goods of the other size, form, dimensions, fashion, set etc. at the place of acquisition or in the other places mentioned by the seller, unless a longer term is established by the seller. In case of the price difference, the buyer shall make the required recalculation with the seller.

If the seller has no goods required for the exchange, the buyer shall have the right to return the acquired goods to the seller and to get the money paid for it back.

The buyer’s claim to exchange or return the goods shall be subject to satisfaction, provided the goods were not in use, their trade appearance and consumer features are preserved, and

the evidence of the goods’ acquisition from this seller is available.

2. The list of commodities not subject to exchange or return on the grounds stipulated by this Article shall be established by the regulatory acts.




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