Civil Code: Validity of Civil Juristic Acts - 6

(These clauses are selected from The Civil Code of the People’s Republic of China translated and authored by Steve Li and Robert Zhang, international arbitration lawyers registered in Shanghai, China, and published by Kindle Unlimited. No reproduction is allowed unless authorized by the authors.)
 
Article 152 A party's right to revoke a civil act shall be extinguished if:
 
(1) the party fails to exercise the right within one year, or within 90 days in case of a civil juristic act as a result of a fundamental mistake, of the date on which such person knew or had reason to know the cause for revocation;
 
(2) the party fails to exercise the right within one year of the date of the termination of the duress, in case of a civil juristic act performed under duress; or
 
(3) the party expressly waives the right or indicates its waiver by his actions upon becoming aware of the cause for revocation.
 
Where a party fails to exercise the right of revocation within 5 years from the date of the occurrence of the civil juristic act, the right of revocation shall be extinguished.