Voidability
Ineffectiveness of a legal transaction that may be challenged by those who suffered the defect (incapacity, fraud, error, violence or intimidation) but produces all its effects until challenged. The voidability action expires in 4 years. Distinct from absolute nullity (void ab initio).
Other General terms
Extinction of a right or legal action due to the legally established time period expiring without exercise. In criminal law, it extinguishes criminal liability.
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