Legal subjectivity:

The right of rescission means that the creditor can revoke the creditor's rights when the debtor gives up its claims to a third party, disposes of its property for free or at an obviously low price, thereby harming the creditor's claims. Right to apply to court for revocation. Both the right of revocation and the right of subrogation are debt preservation measures, which have the following characteristics: (1) The right of revocation is a right in substantive law, but the right of revocation is different from the rights in general substantive law. It cannot be directly asserted against the debtor or a third party. can only be exercised by filing a lawsuit in court. (2) The right of revocation is a formation right, and the purpose of its exercise is to cancel the debtor's actions that are detrimental to the creditor and to restore the debtor's property status. (3) The right of revocation is an accessory right attached to the creditor's right and shall not be separated from the creditor's right. When the creditor's right is transferred, the right of revocation shall be transferred together with the creditor's right. Legal objectivity:

Article 148 of the People's Republic of China and the Civil Code

One party uses fraudulent means to cause the other party to violate the For civil legal acts carried out with true intention, the defrauded party has the right to request the people's court or arbitration institution to revoke it.

"Article 152 of the "People's Republic of China and Civil Code"

The right of revocation shall be extinguished in any of the following circumstances:< /p>

(1) The party concerned fails to exercise the right of revocation within one year from the date when he knew or should have known the reason for revocation, or within ninety days from the date when the party with major misunderstanding knew or should have known the reason for revocation;

< p>(2) The party was coerced and did not exercise the right to rescind within one year from the date of termination of the coercion;

(3) The party clearly stated or demonstrated by his own behavior that he gave up the right to rescind after knowing the reason for rescission.

If the party concerned fails to exercise the right of revocation within five years from the date of the civil legal act, the right of revocation shall be extinguished.