A power of avoidance held by a party may be lost if:
A) the contract is disaffirmed.
B) there are delays in exercising the power.
C) the party lacks contractual capacity.
D) the rights of third parties are terminated.

Question

Quizplus · Accepted Answer

Delays in exercising the power of avoidance can lead to the loss of that power, as timely action is often required to assert rights for avoidance or rescission of a contract.

A Power of Avoidance Held by a Party May Be