Asked by Isabelle Manaytay on May 27, 2024
Verified
A party with the power to avoid a contract will not lose that power by delaying the avoidance.
Avoid a Contract
To legally cancel or nullify a contract, effectively acting as though the contract never existed.
Delaying
The act of postponing or putting off actions, decisions, or events to a later time.
- Comprehend the limitation and loss of the power to avoid contracts due to specific actions or inactions by the deceived party.
Verified Answer
SG
Sarah GegenJun 03, 2024
Final Answer :
False
Explanation :
Delaying the avoidance of a contract can lead to the loss of the power to avoid it due to principles such as laches (unreasonable delay that prejudices the other party) or estoppel (acting in a way that suggests acceptance of the contract), depending on the jurisdiction and specific circumstances.
Learning Objectives
- Comprehend the limitation and loss of the power to avoid contracts due to specific actions or inactions by the deceived party.
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