Can a property company exercise its cancellation right?

Property companies can exercise the right of cancellation under certain conditions. The main situations are: major misunderstanding; One party takes advantage of an obviously unfair situation when the other party is under siege and lacks judgment ability; One party commits fraud; Other statutory circumstances.

legal ground

Article 147 of the Civil Code

Based on serious misunderstanding, the actor has the right to request the people's court or arbitration institution to cancel the civil juristic act.

Article 148

If a party commits a civil legal act that goes against its true meaning by fraudulent means, the injured party has the right to request the people's court or an arbitration institution to cancel it.

Article 150

If one party or a third party coerces the other party to carry out a civil legal act against its true meaning, the coerced party has the right to request the people's court or an arbitration institution to cancel it.

Article 15 1

If one party takes advantage of the situation that the other party is in a critical state and lacks judgment ability, resulting in obviously unfair when a civil juristic act is established, the injured party has the right to request the people's court or an arbitration institution to cancel it.