Question

What are the consequences of rescission of voidable contract as per the Contract Act?

Q: Answer-What are the consequences of rescission of voidable contract as per the Contract Act?

Section 64. Consequences of rescission of voidable contract When a person at whose option a contract is voidable rescinds it, the other party thereto need not perform any promise therein contained in which he is promisor. The party rescinding avoidable contract shall, if he have received any benefit thereunder from another party to such contract, restore such benefit, so far as may be, to the person from whom it was received.

A Other party is bound to fulfill his respective obligations under the contract

B Other party need not perform any promise therein contained in which he is promisor

C The party rescinding avoidable contract shall, if he has received any benefit from another party to such contract, restore such benefit, so far as may be, to the person from whom it was received

D Both a & b

E Both b & c

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