Book One: Obligations · Section One: Sources of Obligation · Chapter One: The Contract · Part Four: Pillars, Validity, Options, and Types of a Contract · 4. Option for a Defect
For a defect to give rise to an option, it shall be latent, pre-existing, and have a material effect on the value of the subject matter of the contract, and the purchaser shall be unaware thereof, and the seller shall not have stipulated exemption from liability therefor.
Interpretation and application must be checked against the official text and current version.
