A power of avoidance held by a party may be lost if:
A) the contract is affirmed.
B) there are unreasonable delays in exercising the power.
C) the rights of third parties intervene.
D) All of these.

Question

Quizplus · Accepted Answer

All of these are potential ways in which a power of avoidance held by a party may be lost. If the contract is affirmed, the party has effectively given up their right to avoid it. Unreasonable delays in exercising the power may also result in loss of the right, as it suggests that the party has waived their right to avoid. And if third party rights have become vested, the party may no longer have the ability to avoid the contract without compensating the affected third parties.

A Power of Avoidance Held by a Party May Be