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BGB 81. 1 A lifetime endowment transaction must be in writing . It must contain the binding declaration by the founder that he will dedicate assets to achieve an object specified by himself . The endowment transaction must give the foundation a charter with provisions on the name of the foundation , the seat of the foundation , the objects of the foundation , the assets of the foundation , the composition of the foundation board . If the endowment transaction does not satisfy the requirements of sentence 3 above and if the founder is dead , section 83 sentences 2 to 4 apply with the necessary modifications . BGB 81. 2 Until the foundation is recognised as having legal personality , the founder has a right to revoke the endowment transaction . If an application has been made for recognition by the competent public authority , the revocation may be declared only to that public authority . The heir of the founder is not entitled to revoke the endowment transaction if the founder made the application to the competent public authority , or , if the endowment transaction was notarially recorded , the founder , at or after the notarial recording , instructed the notary to make the application .
BGB 355. 3 The right of revocation is extinguished at the latest six months after the contract is entered into . Where goods are supplied , the period of time does not commence prior to the date of receipt by the receiver . Notwithstanding sentence 1 , the right of revocation is not extinguished if the consumer has not been properly instructed on his right of revocation , in the case of distance contracts for financial services in addition not if the entrepreneur has not properly complied with his duties to notify under section 312c ( 2 ) no . 1.
BGB 357. 3 The consumer , notwithstanding section 346 ( 2 ) sentence 1 no . 3 , must pay compensation for value for any deterioration caused by putting the thing to its intended use , if , at the latest when the contract was entered into , his attention was drawn in text form to this legal consequence and to a possibility of avoiding it . This does not apply if the deterioration is exclusively due to examining the thing . Section 346 ( 3 ) sentence 1 no . 3 does not apply if the consumer has been properly instructed on his right of revocation or he has obtained knowledge of it in another way .
BGB 450. 1 When an object is sold by way of execution of judgment , the person instructed to carry out or manage the sale and the assistants used by him , including the recording clerk , may not purchase the object to be sold either for themselves in person or through another person or as the agents of another person .