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 the above.

Question

Quizplus · Accepted Answer

All of the listed options can result in the loss of a power of avoidance held by a party. If the contract is affirmed, the party accepts the terms and cannot avoid them. Unreasonable delays in exercising the power can indicate that the party has waived its right to avoidance. Lastly, if the rights of third parties, such as creditors or buyers, intervene, the party's power of avoidance may be compromised.

A Power of Avoidance Held by a Party May Be