The Civil Code of the Russian Federation(with the Additions and Amendments of February 20, August 12, 1996,
October 24, 1997, July 8, December 17, 1999, April 16, May 15,
November 26, 2001, March 21, November 14, 26, 2002,
January 10, March 26, November 11, December 23, 2003)
Chapter 31. Barter
Article 567. Barter Contract
1. Under the barter contract each party thereto shall undertake to transfer into the ownership of the other party one commodity in exchange for the other commodity.
2. The rules for purchase and sale (Chapter 30) shall be applied to the barter contract, unless this contradicts the rules of this Chapter and the essence of barter. In this case each party shall be recognized respectively as the seller of goods which it undertakes to hand over and as the buyer of goods which it undertakes to accept in exchange.
Article 568. Prices and Expenses Under the Barter Contract
1. Unless the contrary follows from the barter contract, goods subject to exchange shall be assumed to be of equal value, while the expenses on their transfer and acceptance shall be incurred in each case by the party which bears the respective duties.
2. In case where in keeping with the barter contract the exchanged goods are recognized as those of equal value, the party which is duty-bound to hand over goods whose price is below the price of goods offered in exchange shall pay the difference in the prices immediately before or after the execution of its duty of transferring goods, unless a different procedure of payment is provided for by the contract.
Article 569. The Reciprocal Fulfilment of the Obligation of Turning Over Goods Under the Barter Contract
In case where in keeping with the barter contract the periods of the transfer of exchanged goods do not coincide, the rules for the reciprocal fulfilment of obligations (Article 328) shall be applied to the execution of the obligation of handing over goods by the party which should pass the goods after the transfer of the goods by the other party.
Article 570. The Transfer of the Title to Exchanged Goods
Unless the law or the barter contract provides otherwise, the title to exchanged goods shall pass to the parties acting under the barter contract as buyers simultaneously after the execution of the obligation of turning over goods by both parties.
Article 571. Liability for the Withdrawal of Goods Acquired Under the Barter Contract
The party from which the third party has withdrawn the goods acquired under the barter contract shall have the right, in the presence of the grounds, provided for by Article 461 of this Code, to demand that the other party should return goods received by the latter in exchange and/or in compensation for damages.
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