Contract Law of the People's Republic of China
Updated: 2006-04-17 10:00 Article 70 If the obligee does not notify the obligor its separation, merger
or a change of its domicile so as to make it difficult for the obligor to
perform the obligations, the obligor may suspend the performance of the contract
or have the object deposited.
Article 72 The obligee may reject the partial performance of the contract by
the obligor, except that the partial performance does not damage the interests
of the obligee.
Additional expenses caused to the obligee by partial performance shall be
borne by the obligor.
Article 73 If the obligor is indolent in exercising its due creditor's right,
thus damaging the interests of the obligee, the obligee may request the people's
court for subrogation in its own name, except that the creditor's right
exclusively belongs to the obligor.
The subrogation shall be exercised within the scope of the creditor's right
of the obligee. The necessary expenses caused to the obligee by exercising
subrogation shall be borne by the obligor.
Article 74 If the obligor renounces its due creditor's right or transfers its
property gratis, thus damaging the interests of the obligee, the obligee may
request the people's courts to revoke the obligor's act. If the obligor
transfers its property at an obviously unreasonable low price, thus damaging the
interests of the obligee, and the transferee knows such situation, the obligee
may request the people's court to revoke the obligor's act.
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