If a period of time has not been agreed for the exercise of the contractual right of rescission, then the other party may specify a reasonable time limit within which the person entitled to rescind is to exercise that right. The right of rescission becomes extinct unless rescission is declared before the end of that period of time.
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Book 2 · Law of obligations › Subtitle 1 · Rescission › Section 350
Expiry of the right of rescission after a period of time has been specified
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