1. The right to annul a contract shall lapse if it is not asserted by its holder within one year, unless the law provides otherwise. This period shall commence as follows: a. In the case of limited legal capacity, from the day on which the cause of the incapacity ceases. b. In the cases of mistake or deception with gross unfairness, from the day on which the mistake or deception is discovered or detected. c. In the case of coercion, from the day it ceases. d. In the case of exploitation, from the date of concluding the contract. 2. In all cases, the right of annulment for mistake, deception, or coercion may not be asserted if fifteen (15) years have lapsed since the date of concluding the contract.
Interpretation and application must be checked against the official text and current version.