The action for annulment shall be brought within four years.
This period shall begin: In cases of intimidation, violence or undue influence, from the time the defect of the consent ceases.
In case of mistake or fraud, from the time of the discovery of the same.
And when the action refers to contracts entered into by minors or others incapacitated persons, from the time the guardianship ceases. (1301a)
Ang hakbang para sa pagpapawalang bisa ay dapat gawin sa loob ng apat na taon.
Ito ay magsisimula, sa kaso ng intimidasyon, dahas o hindi tamang pag impluwensya, mula sa oras ng depekto ng pagpayag ay natapos.
Sa kaso ng pagkakamali o panloloko, magsimul ng oras ng pagka diskubre ng pagkakamali o panloloko
At kapag ang hakbang ay patukoy sa kontratang pinasok ng mga menor de edad o mga taong may kapansanan, mag simula sa oras na ang guardianship ay natapos.
Discussion:
This article only applies to the parties in the contract. It does not apply to a third person when the law allows them to question the validity of a contract
Failure to pursue an action within the period prescribed by law will have the effect of extinguishing the action.
With regard to fraudulent conveyances with the Registry of Property, the prescriptive period is counted not from the actual knowledge of the fraud by the plaintiff but from the registration of the public document with the said registry. The act of registration is a notice to the whole world. It is the operative acts thatt binds registered land s under the Torrens System.
Case Illustration: Felix Ullman vs. Vicente Hernaez
Obligations and Contracts 