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Structural division: Book Three › party › CHAPTER FOUR › SECTION TWO
Article 147 — Bringing of Action for Cancellation
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The seller who cancels the contract on the ground that he has not been fully paid pursuant to Article 146 of this law shall, whatever the part of the price still due, take back the whole business in its condition on the day of cancellation, but not including new parts acquired after the contract of sale was made.
2/ The increase or reduction in the value of the price of the parts sold shall be taken into account in settling the rights of the seller and buyer.