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Book 4 · Commercial transactions  ›  Division 1 · General provisions › Section 347

Section 347

(1) Whoever is obliged in relation to another person, by reason of a transaction that is a commercial transaction for them, to observe a certain standard of care, is responsible for the due care of a prudent merchant being exercised.

(2) Those provisions of the Civil Code (Bürgerliches Gesetzbuch – BGB) remain unaffected according to which the obligor is liable only, in certain cases, for gross negligence or only for such care as they customarily apply to their own affairs.

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