Article 67 - Conflict of interests
(1) If a contract concluded by an
Agent involves the Agent in a conflict of interests with the Principal of which the third party knew or ought to have known, the Principal may avoid the contract. The right to avoid is subject to Articles 38, 40, 41 and 42.
(2) However, the
Principal may not avoid the contract:
(A) if the
Principal had consented to, or knew or ought to have known of, the Agent's involvement in the conflict of interests; or
(B) if the
Agent had disclosed the conflict of interests to the Principal and the latter had not objected within a reasonable time.