Article 167. General provisions on the consequences of invalidity of a transaction.
1. An invalid transaction does not entail legal consequences, with the exception of those related to its invalidity, and is invalid from the moment of its execution.
2. In case of invalidity of the transaction, each party is obliged to return to the other everything received in the transaction, and in case of impossibility to return received in kind (including when received is expressed in the use of property, work performed or the service provided) to refund its value in money - if other consequences of the invalidity of the transaction are not provided by law.
3. If the content of a contestable transaction implies that it can only be terminated for the future, the court, recognizing the transaction as invalid, terminates it for the future.
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Links to other articles of chapter 9. Transactions:
Article 153. The concept of the transaction.
Article 154. Contracts and unilateral transactions.
Article 155. Obligations for a unilateral transaction.
Article 156. Legal regulation of unilateral transactions.
Article 157. Transactions concluded under the condition.
Article 158. The form of transactions.
Article 159. Oral transactions.
Article 160. The written form of the transaction.
Article 161. Transactions made in simple written form.
Article 162. Consequences of non-observance of the simple written form of the transaction.
Article 163. Notarized transactions.
Article 164. State registration of transactions.
Article 165. Consequences of non-compliance with the notarial form of the transaction and the requirement of its registration.
Article 166. Contestable and void transactions.
Article 168. Invalidity of a transaction that does not comply with the law or other legal acts.
Article 169. Invalidity of a transaction made for the purpose, contrary to the basics of the rule of law and morality.
Article 170. Invalidity of imaginary and feigned transactions.
Article 171. Invalidity of a transaction made by a citizen who is declared incapable.
Article 172. Invalidity of a transaction made by a minor who is under the age of fourteen.
Article 173. Invalidity of a transaction of a legal entity that goes beyond its legal capacity.
Article 174. Consequences of limiting the authority to complete a transaction.
Article 175. Invalidity of a transaction made by a minor aged from fourteen to eighteen years.
Article 176. Invalidity of a transaction made by a citizen limited by court in legal capacity.
Article 177. Invalidity of a transaction made by a citizen who is unable to understand the significance of his actions or to direct them.
Article 178. Invalidity of a transaction made under the influence of delusion.
Article 179. Invalidity of a transaction made under the influence of deception, violence, threat, malicious agreement of the representative of one party with the other party or the confluence of difficult circumstances.
Article 180. Consequences of the invalidity of a part of a transaction.
Article 181. The limitation period for invalid transactions.