Selected Cases by Article & Issues
(1) Notice of avoidance shall be given within a reasonable time, having regard to the circumstances, after the avoiding party knew or could not have been unaware of the relevant facts or became capable of acting freely.
(2) Where an individual term of the contract may be avoided by a party under Article 3.2.7, the period of time for giving notice of avoidance begins to run when that term is asserted by the other party.
|Notice of avoidance to be given within reasonable time
|Beginning of period
|In case of mistake and fraud, when mistaken or defrauded party becomes aware of mistake or fraud
|In case of threat and gross disparity, when treatened or exploited party becomes capable of acting freely