Contracts - Deposit and Penalty

Original post by www.taiwanlawresources.com

Civil Code:

第 248 條

訂約當事人之一方，由他方受有定金時，推定其契約成立。

Article 248   

When one of the parties to a contract receives earnest money from the other, the contract is presumed to be constituted.

Vocabulary

訂約  [dìngyuē]  /establishing a contract/

當事人  [dāngshìrén]  /persons involved or implicated/party (to an affair)/

之  [zhī]  /(literary equivalent of 的)/

一方  [yīfāng]  /one side/one party/

由  [yóu]  /from/

他  [tā]  /he/him/

受  [shòu]  /to receive/

有  [yǒu]  /to have/there is/there are/to exist/to be/

定金  [dìngjīn]  /deposit/

時  [shí]  /when/

推定  [tuīdìng]  /presume/

其  [qí]  /their/

契約  [qìyuē]  /agreement/contract/

成立  [chénglì]  /establish/set up/