Ar cle 526 Where the par es have mutual obliga ons to each other and there is an order of performance of the obliga ons, if the party obligated to perform rst fails to perform the obliga on, the party obligated to perform later has the right to reject the request for performance made by that party. Where the performance of the party obligated to perform rst does not conform to the agreement, the party obligated to perform later has the right to reject the request made by the former party for performance of the corresponding obliga on. Ar cle 527 A party obligated to perform the obliga on rst may suspend his performance if there is de nite evidence proving that the other party falls under any of the following situa ons: (1) its opera ng condi ons are seriously deteriorated; (2) it transfers property or withdraws capital to evade debts; (3) the good will of its business has been lost; or (4) there’s another circumstance under which it has lost or is losing its ability to perform the obliga on. A party that suspends the performance with no such de nite evidence shall bear default liability. Ar cle 528 A party who suspends performance in accordance with the provisions of the preceding Ar cle shall no fy the other party in a mely manner. The performance shall be resumed if the other party provides an appropriate bond. A er a party suspends its performance, where the other party fails to restore his ability to perform the obliga on and fails to provide an appropriate bond within a reasonable period of me, it shall be deemed to be an indica on through his act that the party will not perform his principal obliga on, and the party that suspends the performance may cancel the contract and may request the other party to bear default liability. Ar cle 529 Where a debtor’s performance of an obliga on has become di cult owing to the reason that the creditor fails to no fy the debtor that it has split into two or more en es, merges with another en ty, or changed its domicile, the debtor may suspend performance or place the subject ma er in escrow. Ar cle 530 A creditor may reject the debtor’s early performance of the obliga on, unless the early performance is not detrimental to the interests of the creditor. Any addi onal expenses incurred to the creditor due to the debtor’s early performance of the obliga on shall be borne by the debtor. Ar cle 531 A creditor may reject the debtor’s par al performance of the obliga on, unless the par al performance is not detrimental to the interests of the creditor. Any addi onal expenses incurred to the creditor due to the debtor’s par al performance of the obliga on shall be borne by the debtor. Ar cle 532 A er a contract becomes e ec ve, any party shall not fail to perform its contractual obliga ons on the ground that either party’s name or en ty name, legal representa ve, the responsible person, or the person handling the contract has been changed. Ar cle 533 A er a contract is formed, where a fundamental condi on upon which the contract is concluded is signi cantly changed which are unforeseeable by the par es upon conclusion of the contract and which is not one of the commercial risks, if con nuing performance of the contract is obviously unfair to one of the par es, the party that is adversely a ected may re-nego ate with the other party; where such an agreement cannot be reached within a reasonable period of me, the par es may request the people’s court or an arbitra on ins tu on to rec fy or rescind the contract. The people’s court or an arbitra on ins tu on shall rec fy or rescind the contract in compliance with the principle of fairness, taking into account the actual circumstances of the case. Ar cle 534 Where the par es take advantage of the contract to commit an act that endangers the State’s interests and public interests, the market regulatory authority and other relevant administra ve authori es ti fi ti ti ti ti ti ti ti ti ti ti tt ti ti ti ti ffi ti ti ti ti ti ti ti ti fi fi ti ti ti ti fi ti ti fi ti ti ti ti ff ti ff ti ti ti ti ti ti ft ti ti ti ti ti ti ft ft ti ti ti ti ti fi ti ti ti ti ti ti ti ti ti ti ti 59